CIBC Raises Leagold Mining (TSE:LMC) Price Target to C$3.50
Leagold Mining (TSE:LMC) had its target price boosted by CIBC from C$3.00 to C$3.50 in a research report released on Monday, BayStreet.CA reports.
Separately, National Bank Financial lowered shares of Detour Gold to a hold rating in a research note on Friday, June 28th.
Shares of LMC stock opened at C$2.08 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.33 and a debt-to-equity ratio of 42.59. The stock has a market capitalization of $572.62 million and a price-to-earnings ratio of 18.91. The stock’s 50-day moving average is C$1.84. Leagold Mining has a 1-year low of C$1.28 and a 1-year high of C$2.65.
In related news, Director Frank Giustra bought 140,700 shares of the stock in a transaction on Friday, June 14th. The stock was bought at an average price of C$1.75 per share, with a total value of C$245,577.78. Following the completion of the purchase, the director now directly owns 5,007,600 shares in the company, valued at approximately C$8,740,265.04.
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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