Talvivaara Mining Receives “Reduce” Rating from Evli Bank (TALV)
Talvivaara Mining (LON:TALV)‘s stock had its “reduce” rating reaffirmed by analysts at Evli Bank in a research report issued to clients and investors on Thursday, American Banking and Market News reports. They currently have a GBX 9.33 ($0.15) price target on the stock. Evli Bank’s price target would suggest a potential upside of 36.01% from the stock’s previous close.
Talvivaara Mining (LON:TALV) traded down 22.83% on Thursday, hitting GBX 6.86. The stock had a trading volume of 11,820,404 shares. Talvivaara Mining has a one year low of GBX 6.84 and a one year high of GBX 43.605. The stock has a 50-day moving average of GBX 9.32 and a 200-day moving average of GBX 16.18. The company’s market cap is £130.8 million.
A number of other firms have also recently commented on TALV. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Talvivaara Mining in a research note to investors on Friday, September 27th. They now have a GBX 36 ($0.58) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Talvivaara Mining from GBX 13 ($0.21) to GBX 12 ($0.19) in a research note to investors on Thursday, August 15th. They now have a “neutral” rating on the stock. Finally, analysts at DNB Markets reiterated a “hold” rating on shares of Talvivaara Mining in a research note to investors on Tuesday, August 13th. They now have a GBX 10.31 ($0.17) price target on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 60.20 ($0.97).
Talvivaaran Kaivososakeyhtio Oyj (LON:TALV) is a Finland-based mining company engaged in the production of base metals.
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