Meridian Mining UK Societas (CVE:MNO) Price Target Raised to C$3.25 at Stifel Nicolaus

Meridian Mining UK Societas (CVE:MNO) had its price objective hoisted by research analysts at Stifel Nicolaus from C$3.00 to C$3.25 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 215.53% from the stock’s previous close.

Meridian Mining UK Societas Price Performance

Shares of Meridian Mining UK Societas stock traded up C$0.09 on Thursday, hitting C$1.03. 247,282 shares of the company’s stock traded hands, compared to its average volume of 220,803. Meridian Mining UK Societas has a one year low of C$0.37 and a one year high of C$1.34. The stock has a market capitalization of C$152.09 million and a PE ratio of -3.30. The firm’s 50-day moving average price is C$1.03 and its two-hundred day moving average price is C$1.03.

About Meridian Mining UK Societas

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.