Brio Gold (BRIO) Stock Price Down 16.5%

Brio Gold Inc (TSE:BRIO) fell 16.5% on Wednesday . The stock traded as low as C$1.75 and last traded at C$2.05. 55,953 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 49,544 shares. The stock had previously closed at C$1.76.

Several research firms have recently weighed in on BRIO. Canaccord Genuity reduced their price objective on Brio Gold from C$4.00 to C$3.75 in a research report on Friday, September 29th. National Bank Financial reduced their price objective on Brio Gold from C$5.10 to C$4.50 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Finally, CIBC reduced their price objective on Brio Gold from C$4.25 to C$3.50 in a research report on Thursday, October 26th.

The company has a market cap of $239.19 and a PE ratio of -2.30.

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Brio Gold Company Profile

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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