National Bank Financial Trims Leagold Mining (TSE:LMC) Target Price to C$3.50

Leagold Mining (TSE:LMC) had its target price cut by National Bank Financial from C$4.00 to C$3.50 in a research note released on Monday morning, BayStreet.CA reports.

Several other brokerages have also issued reports on LMC. TD Securities restated a buy rating and issued a C$4.50 price objective on shares of Leagold Mining in a report on Monday, September 23rd. BMO Capital Markets boosted their price objective on shares of Leagold Mining from C$4.00 to C$4.50 in a report on Wednesday, September 11th.

Shares of LMC stock traded up C$0.02 on Monday, hitting C$1.95. 135,284 shares of the stock traded hands, compared to its average volume of 372,230. The firm’s 50-day moving average price is C$2.42 and its two-hundred day moving average price is C$2.18. The company has a debt-to-equity ratio of 62.14, a quick ratio of 0.82 and a current ratio of 2.15. The stock has a market capitalization of $549.93 million and a PE ratio of -8.05. Leagold Mining has a twelve month low of C$1.33 and a twelve month high of C$3.07.

Leagold Mining (TSE:LMC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The company had revenue of C$160.65 million for the quarter. On average, equities research analysts anticipate that Leagold Mining will post 0.3 EPS for the current fiscal year.

Leagold Mining Company Profile

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.

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