Superior Gold (CVE:SGI) had its target price lowered by investment analysts at Eight Capital from C$1.80 to C$1.50 in a research report issued on Monday. Eight Capital’s price objective points to a potential upside of 127.27% from the company’s current price.
Separately, TD Securities cut their price target on Superior Gold from C$1.75 to C$1.60 and set a “buy” rating for the company in a report on Wednesday, November 14th.
CVE SGI opened at C$0.66 on Monday. The company has a market capitalization of $62.24 million and a PE ratio of -6.73. The company has a debt-to-equity ratio of 13.74, a current ratio of 2.02 and a quick ratio of 1.36. Superior Gold has a 12 month low of C$0.58 and a 12 month high of C$1.62.
Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.
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