Leagold Mining (TSE:LMC) had its price objective lowered by National Bank Financial from C$3.25 to C$3.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
A number of other equities research analysts have also issued reports on LMC. BMO Capital Markets reiterated an outperform rating and issued a C$4.00 target price on shares of Leagold Mining in a research note on Wednesday, August 14th. CIBC increased their target price on Leagold Mining from C$3.00 to C$3.50 in a research note on Monday, July 15th.
LMC stock opened at C$2.48 on Monday. The company has a debt-to-equity ratio of 58.56, a quick ratio of 0.71 and a current ratio of 1.93. Leagold Mining has a 1 year low of C$1.28 and a 1 year high of C$2.50. The firm has a market cap of $581.17 million and a P/E ratio of -13.93. The stock has a 50-day simple moving average of C$2.16 and a 200-day simple moving average of C$1.88.
In other Leagold Mining news, Director Frank Giustra acquired 59,300 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average price of C$1.76 per share, for a total transaction of C$104,445.09. Following the purchase, the director now directly owns 5,066,900 shares in the company, valued at C$8,924,330.97.
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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