Leagold Mining (TSE:LMC) Price Target Lowered to C$3.00 at National Bank Financial

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.

Leagold Mining (TSE:LMC) last posted its earnings results on Thursday, August 1st. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The firm had revenue of C$160.76 million during the quarter. On average, equities research analysts predict that Leagold Mining will post 0.19 EPS for the current year.

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.

Recommended Story: What is a Buy-Side Analyst?

Receive News & Ratings for Leagold Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leagold Mining and related companies with MarketBeat.com's FREE daily email newsletter.