Eight Capital Boosts Orocobre Ltd (ORL) Price Target to C$5.40

Orocobre Ltd (TSE:ORL) had its target price upped by investment analysts at Eight Capital from C$5.30 to C$5.40 in a research note issued on Monday. Eight Capital’s price target points to a potential upside of 14.89% from the company’s current price.

Shares of Orocobre (TSE ORL) traded down 5.24% on Monday, hitting $4.70. 254,544 shares of the stock were exchanged. The company has a market cap of $989.44 million and a price-to-earnings ratio of 51.09. Orocobre has a 52-week low of $2.73 and a 52-week high of $5.05. The company has a 50 day moving average of $4.52 and a 200 day moving average of $3.69.

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Orocobre Company Profile

Orocobre Limited operates primarily in Argentina in the mining industry. The Company engages in the production ramp up of its Olaroz Lithium Facility and the operation of Borax Argentina SA (Borax Argentina). Its segments include Corporate, the Olaroz project, South American Salars and Borax Argentina.

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