Canaccord Genuity Lowers Bellzone Mining PLC Price Target to GBX 3.80 (BZM)
Stock analysts at Canaccord Genuity lowered their price objective on shares of Bellzone Mining PLC (LON:BZM) from GBX 5.30 ($0.09) to GBX 3.80 ($0.06) in a report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential downside of 1.00% from the company’s current price.
A number of other analysts have also recently weighed in on BZM. Analysts at SP Angel reiterated a “sell” rating on shares of Bellzone Mining PLC in a research note on Monday. Separately, analysts at Investec reiterated a “buy” rating on shares of Bellzone Mining PLC in a research note on Friday, January 24th. They now have a GBX 10 ($0.16) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Bellzone Mining PLC in a research note on Friday, November 22nd. They now have a GBX 10 ($0.16) price target on the stock.
Bellzone Mining PLC (LON:BZM) traded down 1.70% during mid-day trading on Thursday, hitting GBX 3.8385. The stock had a trading volume of 114,337 shares. Bellzone Mining PLC has a 1-year low of GBX 2.85 and a 1-year high of GBX 14.25. The stock’s 50-day moving average is GBX 4.48 and its 200-day moving average is GBX 4.23.
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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