Mercator Minerals Receives Consensus Recommendation of “Hold” from Analysts (TSE:ML)
Shares of Mercator Minerals (TSE:ML) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$0.11.
Shares of Mercator Minerals (TSE:ML) opened at 0.065 on Wednesday. Mercator Minerals has a 52-week low of $0.04 and a 52-week high of $0.15. The stock has a 50-day moving average of $0.07 and a 200-day moving average of $0.09. The company’s market cap is $20.5 million.
Several analysts have recently commented on the stock. Analysts at Laurentian cut their price target on shares of Mercator Minerals from C$0.10 to C$0.05 in a research note on Wednesday, July 16th. They now have a “hold” rating on the stock. Separately, analysts at LB Securities reiterated a “hold” rating on shares of Mercator Minerals in a research note on Wednesday, July 16th. They now have a C$0.05 price target on the stock, down previously from C$0.10. Finally, analysts at CIBC cut their price target on shares of Mercator Minerals from C$0.10 to C$0.03 in a research note on Wednesday, July 16th. They now have an “underperform” rating on the stock.
Mercator Minerals, Ltd. is a Canada-based mining company. The Company is engaged in the mining, development and exploration of its mineral properties in the United States and Mexico.
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