Brio Gold Inc (BRIO) PT Lowered to C$4.25

Brio Gold Inc (TSE:BRIO) had its price target dropped by research analysts at National Bank Financial from C$4.50 to C$4.25 in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 138.76% from the company’s current price.

A number of other brokerages also recently issued reports on BRIO. CIBC reduced their price objective on shares of Brio Gold from C$4.25 to C$3.50 in a research report on Thursday, October 26th. Canaccord Genuity reduced their price objective on shares of Brio Gold from C$4.00 to C$3.75 in a research report on Friday, September 29th.

Brio Gold (BRIO) traded up 8.43% during midday trading on Wednesday, reaching $1.93. 30,543 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $1.98 and a 200 day moving average price of $2.36. Brio Gold has a 12-month low of $1.58 and a 12-month high of $3.59. The company’s market cap is $217.18 million.

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In related news, Director William Albert Washington acquired 56,000 shares of Brio Gold stock in a transaction on Thursday, September 7th. The shares were acquired at an average cost of C$1.80 per share, with a total value of C$100,800.00.

About Brio Gold

Brio Gold Inc, a mining company, engages in the exploration, extraction, processing, and mine reclamation of gold in Brazil. It holds four principle mining assets, including Pilar, Mineração Fazenda Brasileiro, Mineração Riacho dos Machados Ltda, and Santa Luz. The company was founded in 2014 and is headquartered in Toronto, Canada.

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