Falco Resources (CVE:FPC) Cut to “Hold” at Desjardins

Desjardins downgraded shares of Falco Resources (CVE:FPC) from a buy rating to a hold rating in a research note issued to investors on Wednesday, BayStreet.CA reports. Desjardins currently has C$0.60 price objective on the stock, down from their previous price objective of C$1.50.

CVE FPC opened at C$0.24 on Wednesday. The business’s 50 day simple moving average is C$0.25. Falco Resources has a one year low of C$0.21 and a one year high of C$0.54. The firm has a market capitalization of $53.01 million and a PE ratio of -8.10. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 10.97.

About Falco Resources

Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. It explores for base and precious metals, such as gold, zinc, copper, and silver deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 67,000 hectares located in the Province of Québec.

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Analyst Recommendations for Falco Resources (CVE:FPC)

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