Brio Gold (BRIO) Shares Down 4.1%

Shares of Brio Gold Inc (TSE:BRIO) traded down 4.1% during trading on Monday . The stock traded as low as C$1.89 and last traded at C$1.89. 4,115 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 10,984 shares. The stock had previously closed at C$1.97.

Several analysts have commented on the stock. Canaccord Genuity decreased their target price on shares of Brio Gold from C$4.00 to C$3.75 in a research report on Friday, September 29th. CIBC decreased their target price on shares of Brio Gold from C$4.25 to C$3.50 in a research report on Thursday, October 26th. Finally, National Bank Financial decreased their target price on shares of 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.

The company has a market cap of $230.74 and a PE ratio of -2.17.

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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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