CIBC Cuts Leagold Mining (LMC) Price Target to C$3.50

Leagold Mining (TSE:LMC) had its target price lowered by CIBC from C$4.25 to C$3.50 in a report released on Friday morning.

Several other research analysts have also recently weighed in on the company. Canaccord Genuity lowered their price objective on Leagold Mining from C$4.25 to C$3.50 in a research report on Thursday, October 18th. National Bank Financial lowered their price objective on Leagold Mining from C$4.50 to C$4.25 and set an outperform rating on the stock in a research report on Wednesday, August 15th. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of C$4.31.

LMC stock traded down C$0.01 during trading hours on Friday, hitting C$1.39. 672,400 shares of the stock were exchanged, compared to its average volume of 166,225. The company has a current ratio of 1.51, a quick ratio of 0.77 and a debt-to-equity ratio of 44.94. Leagold Mining has a 12 month low of C$1.28 and a 12 month high of C$3.25.

Leagold Mining (TSE:LMC) last posted its quarterly earnings data on Tuesday, August 14th. The company reported C$0.06 earnings per share for the quarter, hitting the consensus estimate of C$0.06. The firm had revenue of C$112.19 million for the quarter. Equities analysts predict that Leagold Mining will post 0.32 EPS for the current fiscal year.

About Leagold Mining

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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