Bellzone Mining PLC PT Raised to GBX 5 at Canaccord Genuity (BZM)
Equities researchers at Canaccord Genuity lifted their price target on shares of Bellzone Mining PLC (LON:BZM) from GBX 4.20 ($0.07) to GBX 5 ($0.08) in a research report issued on Friday, American Banking News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 11.11% from the company’s current price.
A number of other analysts have also recently weighed in on BZM. Analysts at Investec upgraded shares of Bellzone Mining PLC (LON:BZM) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 17th. They now have a GBX 10 ($0.16) price target on the stock, up previously from GBX 5.09 ($0.08). Separately, analysts at WH Ireland reiterated a “hold” rating on shares of Bellzone Mining PLC (LON:BZM) in a research note to investors on Friday, August 16th. They now have a GBX 4 ($0.06) price target on the stock.
Bellzone Mining PLC (LON:BZM) traded down 2.22% on Friday, hitting GBX 4.40. 105,000 shares of the company’s stock traded hands. Bellzone Mining PLC has a 52 week low of GBX 3.30 and a 52 week high of GBX 19.29. The stock’s 50-day moving average is GBX 4.16 and its 200-day moving average is GBX 5.24.
Bellzone Mining plc is engaged in the exploration and development of iron, copper and nickel licenses in Guinea, West Africa, primarily at its flagship Kalia Mine Project.
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