Investec Reiterates “Hold” Rating for Zanaga Iron Ore (ZIOC)
Zanaga Iron Ore (LON:ZIOC)‘s stock had its “hold” rating reiterated by stock analysts at Investec in a report issued on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 25 ($0.40) price target on the stock, up from their previous price target of GBX 13.70 ($0.22). Investec’s price target suggests a potential upside of 5.26% from the stock’s previous close.
Zanaga Iron Ore (LON:ZIOC) opened at 23.75 on Thursday. Zanaga Iron Ore has a 52-week low of GBX 9.00 and a 52-week high of GBX 44.00. The stock has a 50-day moving average of GBX 21.98 and a 200-day moving average of GBX 14.80.
Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Zanaga Iron Ore in a research note to investors on Friday, August 9th.
Zanaga Iron Ore Company Limited is a United Kingdom-based holding company. The Company is focused on managing, developing and constructing iron ore project capable of mining, processing, transporting and exporting 45 metric tons per annum of iron ore concentrate from the Republic of Congo.
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