Mandalay Resources Corp. (TSE:MND)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research report issued to clients and investors on Thursday. They presently have a C$1.45 target price on the stock. Scotiabank’s target price suggests a potential upside of 42.16% from the company’s previous close.
A number of other research firms also recently commented on MND. Raymond James Financial Inc. boosted their price target on Mandalay Resources Corp. from C$1.25 to C$1.40 in a research note on Monday, June 27th. Desjardins dropped their price target on Mandalay Resources Corp. from C$1.95 to C$1.70 in a research note on Tuesday, August 16th.
Shares of Mandalay Resources Corp. (TSE:MND) opened at 1.02 on Thursday. The company has a market cap of $459.70 million and a price-to-earnings ratio of 127.50. Mandalay Resources Corp. has a one year low of $0.59 and a one year high of $1.27. The firm’s 50-day moving average is $1.04 and its 200-day moving average is $1.07.
Mandalay Resources Corp. Company Profile
Mandalay Resources Corporation is a Canada-based mining company. The Company is engaged in the business of exploration, development and mining of natural resource properties. It holds interest in properties, such as Costerfield, Australia; Cerro Bayo, Chile, and Bjorkdal, Sweden. The Company also focuses on the undergoing mineral exploration and water supply development.
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