Sabina Gold & Silver Corp (SBB) Insider Acquires C$4,972,000.00 in Stock
Sabina Gold & Silver Corp (TSE:SBB) insider Dundee Precious Metals Inc. bought 2,200,000 shares of Sabina Gold & Silver stock in a transaction dated Monday, January 15th. The shares were acquired at an average price of C$2.26 per share, with a total value of C$4,972,000.00.
Shares of Sabina Gold & Silver Corp (TSE SBB) remained flat at $C$2.08 during midday trading on Friday. The company had a trading volume of 270,471 shares, compared to its average volume of 359,768. The company has a market capitalization of $471.44, a P/E ratio of -104.00 and a beta of 0.16. Sabina Gold & Silver Corp has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.70.
Several brokerages have recently commented on SBB. Royal Bank of Canada lifted their target price on Sabina Gold & Silver from C$2.50 to C$3.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 21st. TD Securities lifted their target price on Sabina Gold & Silver from C$3.00 to C$3.25 and gave the stock a “speculative buy” rating in a research note on Friday, October 20th. Finally, BMO Capital Markets lifted their target price on Sabina Gold & Silver from C$2.50 to C$3.00 in a research note on Monday, October 2nd.
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Sabina Gold & Silver Corp. is a precious metals company. The Company’s principal business activity is the exploration and development of mineral property interests. The Company’s principal assets are the Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut, Canada.
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