Minera IRL Limited Downgraded by Canaccord Genuity to Speculative Buy (MIRL)
Minera IRL Limited (LON:MIRL) was downgraded by research analysts at Canaccord Genuity to a “speculative buy” rating in a report released on Wednesday, American Banking & Market News reports. They currently have a GBX 19 ($0.31) price objective on the stock, down from their previous price objective of GBX 22 ($0.36). Canaccord Genuity’s target price would indicate a potential upside of 65.22% from the stock’s previous close.
MIRL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd cut their price target on shares of Minera IRL Limited from GBX 40 ($0.66) to GBX 30 ($0.49) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at FinnCap cut their price target on shares of Minera IRL Limited from GBX 64.50 ($1.06) to GBX 44.70 ($0.74) in a research note to investors on Thursday, November 28th. They now have a “corporate” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Minera IRL Limited has a consensus rating of “Buy” and a consensus target price of GBX 18.86 ($0.31).
Minera IRL Limited (LON:MIRL) traded down 1.08% during mid-day trading on Wednesday, hitting GBX 11.50. The stock had a trading volume of 240,368 shares. Minera IRL Limited has a 52 week low of GBX 8.10 and a 52 week high of GBX 52.75. The stock’s 50-day moving average is GBX 10.46 and its 200-day moving average is GBX 12.74.
Minera IRL Limited (LON:MIRL) together with its subsidiaries is a precious metals mining, development and exploration company.
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