NorthIsle Copper and Gold (CVE:NCX) Sets New 12-Month High – What’s Next?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares reached a new 52-week high on Monday . The company traded as high as C$4.61 and last traded at C$4.58, with a volume of 194400 shares trading hands. The stock had previously closed at C$4.24.

Analyst Ratings Changes

Several research firms have recently weighed in on NCX. Ventum Capital set a C$5.50 target price on shares of NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. Ventum Financial upgraded shares of NorthIsle Copper and Gold to a “strong-buy” rating in a research report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$6.25.

NorthIsle Copper and Gold Trading Up 6.1%

The stock has a market capitalization of C$1.50 billion, a P/E ratio of -56.25 and a beta of 1.69. The stock has a 50-day moving average price of C$3.38 and a two-hundred day moving average price of C$3.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85.

NorthIsle Copper and Gold Company Profile

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.