Bellzone Mining PLC Price Target Cut to GBX 3.50 (BZM)
Stock analysts at Canaccord Genuity lowered their price objective on shares of Bellzone Mining PLC (LON:BZM) from GBX 3.80 ($0.06) to GBX 3.50 ($0.06) in a report issued on Monday, AR Network reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 12.54% from the stock’s previous close.
A number of other firms have also recently commented on BZM. Analysts at SP Angel reiterated a “sell” rating on shares of Bellzone Mining PLC in a research note on Monday, February 10th. 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 ($0.17) price target on the stock.
Shares of Bellzone Mining PLC (LON:BZM) opened at 3.30 on Monday. Bellzone Mining PLC has a 52-week low of GBX 2.75 and a 52-week high of GBX 6.70. The stock’s 50-day moving average is GBX 3.25 and its 200-day moving average is GBX 4.00.
Bellzone Mining plc is engaged in the exploration, development and operation of iron, copper and nickel licenses in the Republic of Guinea.
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