National Bank Financial Cuts Leagold Mining (TSE:LMC) Price Target to C$2.75

Leagold Mining (TSE:LMC) had its target price reduced by research analysts at National Bank Financial from C$3.00 to C$2.75 in a research report issued on Thursday, April 18th, BayStreet.CA reports. National Bank Financial’s price objective would indicate a potential upside of 80.92% from the stock’s previous close. National Bank Financial also issued estimates for Leagold Mining’s Q1 2019 earnings at $0.08 EPS.

Separately, Cormark upped their price objective on shares of Leagold Mining from C$4.10 to C$4.45 in a research note on Thursday, March 14th.

Shares of LMC traded up C$0.10 during mid-day trading on Thursday, reaching C$1.52. 159,900 shares of the stock traded hands, compared to its average volume of 142,832. Leagold Mining has a 1 year low of C$1.28 and a 1 year high of C$3.17. The firm has a market capitalization of $432.81 million and a P/E ratio of 23.03. The company has a debt-to-equity ratio of 41.86, a current ratio of 0.76 and a quick ratio of 0.31.

Leagold Mining (TSE:LMC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.01). The business had revenue of C$183.63 million for the quarter. On average, analysts expect that Leagold Mining will post 0.219999987945206 earnings per share for the current year.

Leagold Mining Company Profile

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.

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