BMO Capital Markets Increases North American Palladium (TSE:PDL) Price Target to C$17.50

North American Palladium (TSE:PDL) had its price objective upped by equities researchers at BMO Capital Markets from C$17.00 to C$17.50 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 13.34% from the stock’s current price.

Shares of TSE PDL traded up C$1.29 during trading hours on Friday, hitting C$15.44. 340,239 shares of the stock were exchanged, compared to its average volume of 121,009. The company has a quick ratio of 2.04, a current ratio of 2.59 and a debt-to-equity ratio of 1.89. The business’s 50 day moving average is C$14.43. The stock has a market cap of $889.68 million and a price-to-earnings ratio of 6.33. North American Palladium has a one year low of C$8.62 and a one year high of C$26.30.

North American Palladium (TSE:PDL) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.50 earnings per share for the quarter. The company had revenue of C$128.30 million during the quarter. On average, analysts anticipate that North American Palladium will post 2.1300001 EPS for the current year.

About North American Palladium

North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine that is located to the northwest of Thunder Bay, Ontario. The company was founded in 1968 and is headquartered in Toronto, Canada.

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