Meridian Mining UK Societas (CVE:MNO) Price Target Raised to C$4.00 at Stifel Nicolaus

Meridian Mining UK Societas (CVE:MNO) had its price target hoisted by Stifel Nicolaus from C$3.25 to C$4.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 288.35% from the stock’s current price.

Separately, Raymond James Financial boosted their target price on shares of Meridian Mining UK Societas from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$3.50.

Meridian Mining UK Societas Price Performance

Shares of CVE MNO traded up C$0.09 during mid-day trading on Wednesday, reaching C$1.03. The company’s stock had a trading volume of 247,282 shares, compared to its average volume of 220,803. Meridian Mining UK Societas has a 52 week low of C$0.37 and a 52 week high of C$1.34. The stock has a fifty day moving average of C$1.03 and a two-hundred day moving average of C$1.03. The firm has a market capitalization of C$152.09 million and a PE ratio of -3.30.

Meridian Mining UK Societas Company Profile

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.