Mountain Boy Minerals (MTB) Getting Somewhat Positive Media Coverage, Study Shows
News coverage about Mountain Boy Minerals (NYSE:MTB) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mountain Boy Minerals earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.998671165878 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Mountain Boy Minerals (NYSE MTB) traded down C$1.51 on Friday, hitting C$157.10. The stock had a trading volume of 726,990 shares, compared to its average volume of 675,713. Mountain Boy Minerals has a one year low of C$132.70 and a one year high of C$173.72.
Mountain Boy Minerals (NYSE:MTB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported C$2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.40 by C($0.19). Mountain Boy Minerals had a net margin of 25.13% and a return on equity of 8.94%. The business had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.43 billion. During the same quarter in the previous year, the business posted $2.10 EPS.
Several brokerages recently commented on MTB. Macquarie cut Mountain Boy Minerals from a “neutral” rating to an “underperform” rating in a research report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $167.00 price objective on shares of Mountain Boy Minerals in a research report on Friday, July 21st. Zacks Investment Research raised Mountain Boy Minerals from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Tuesday, September 19th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $170.00 price objective (up from $160.00) on shares of Mountain Boy Minerals in a research report on Monday, October 9th. Finally, BidaskClub cut Mountain Boy Minerals from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$161.89.
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In other Mountain Boy Minerals news, insider Randolph Michael Kasum sold 800,000 shares of Mountain Boy Minerals stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$0.08, for a total transaction of C$64,000.00. Also, insider Sabeth Siddique sold 950 shares of Mountain Boy Minerals stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$147.17, for a total value of C$139,811.50. Following the transaction, the insider now directly owns 1,488 shares in the company, valued at C$218,988.96. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,053,000 shares of company stock worth $89,640 and have sold 1,838,680 shares worth $1,918,081.
About Mountain Boy Minerals
M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.
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