Stonecap Securities Downgrades Carpathian Gold to Sector Perform (CPN)
Carpathian Gold (TSE:CPN) was downgraded by stock analysts at Stonecap Securities from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, American Banking and Market News reports.
Carpathian Gold (TSE:CPN) traded down 11.11% on Thursday, hitting $0.08. 3,214,021 shares of the company’s stock traded hands. Carpathian Gold has a 1-year low of $0.13 and a 1-year high of $0.39. The stock has a 50-day moving average of $0.16 and a 200-day moving average of $0.21. The company has a market cap of $44.4 million and a price-to-earnings ratio of 1.00.
Separately, analysts at Canaccord Genuity cut their price target on shares of Carpathian Gold from C$0.60 to C$0.30 in a research note to investors on Wednesday, July 17th.
Carpathian Gold Inc (TSE:CPN), along with its subsidiaries, is an exploration and development company focused on gold exploration primarily on its property in Romania, as well as gold exploration and development of the Riacho dos Machados gold project in Brazil.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.