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Equities research analysts at Paradigm Capital lifted their price objective on shares of Fortune Minerals (TSE:FT) from C$1.00 to C$1.25 in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Paradigm Capital’s price objective would suggest a potential upside of 257.14% from the company’s current price.

Shares of Fortune Minerals (TSE:FT) traded up 2.86% on Tuesday, hitting $0.36. 60,675 shares of the company’s stock traded hands. Fortune Minerals has a 1-year low of $0.225 and a 1-year high of $0.455. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.34. The company’s market cap is $45.3 million.

Fortune Minerals Limited (TSE:FT) is a resource company with mineral deposits and a number of exploration projects located in Canada.

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