General Moly’s (GMO) “Buy” Rating Reaffirmed at HC Wainwright
General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Tuesday. They presently have a $0.75 price target on the basic materials company’s stock. HC Wainwright’s price target points to a potential upside of 112.59% from the stock’s previous close.
GMO has been the subject of several other reports. ValuEngine upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded General Moly from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th.
General Moly (NYSEMKT:GMO) traded up 0.2834% during midday trading on Tuesday, reaching $0.3538. 50,208 shares of the company were exchanged. The firm’s market capitalization is $39.33 million. The company has a 50-day moving average of $0.42 and a 200 day moving average of $0.38. General Moly has a 52 week low of $0.21 and a 52 week high of $0.72.
General Moly (NYSEMKT:GMO) (TSE:GMO) last issued its quarterly earnings results on Monday, August 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Equities analysts predict that General Moly will post ($0.08) earnings per share for the current year.
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An institutional investor recently raised its position in General Moly stock. Bank of America Corp DE lifted its position in General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) by 7,900.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,029 shares of the basic materials company’s stock after acquiring an additional 276,529 shares during the quarter. Bank of America Corp DE owned 0.25% of General Moly worth $140,000 as of its most recent SEC filing.
General Moly Company Profile
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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