DLD Asset Management LP Acquires Shares of 100,000 Blue Moon Metals Inc. $BMM

DLD Asset Management LP bought a new position in shares of Blue Moon Metals Inc. (NASDAQ:BMM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $639,000.

Separately, Deutsche Bank AG lifted its holdings in Blue Moon Metals by 41.3% in the second quarter. Deutsche Bank AG now owns 953,102 shares of the company’s stock valued at $6,090,000 after acquiring an additional 278,801 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BMM. Maxim Group began coverage on shares of Blue Moon Metals in a research note on Friday, June 12th. They issued a “buy” rating and a $15.00 price objective for the company. Wall Street Zen upgraded shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Moon Metals in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Blue Moon Metals Stock Performance

Shares of NASDAQ BMM opened at $5.51 on Monday. Blue Moon Metals Inc. has a 52 week low of $2.20 and a 52 week high of $8.63. The company has a 50-day simple moving average of $5.83.