MBAC Fertilizer Corp. Downgraded to “Hold” at Canaccord Genuity (MBC)
MBAC Fertilizer Corp. (TSE:MBC) was downgraded by stock analysts at Canaccord Genuity to a “hold” rating in a report issued on Thursday. They currently have a C$0.30 price target on the stock, down from their previous price target of C$1.05. Canaccord Genuity’s price target would suggest a potential downside of 11.76% from the stock’s previous close.
Shares of MBAC Fertilizer Corp. (TSE:MBC) opened at 0.32 on Thursday. MBAC Fertilizer Corp. has a 52 week low of $0.32 and a 52 week high of $2.48. The stock’s 50-day moving average is $0.38 and its 200-day moving average is $0.63. The company’s market cap is $58.1 million.
MBAC Fertilizer Corp. (TSE:MBC) last announced its earnings results on Thursday, August 14th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. Analysts expect that MBAC Fertilizer Corp. will post $-0.09 EPS for the current fiscal year.
MBAC Fertilizer Corp. (TSE:MBC) is a Canada-based company engaged in the mining, production and exploration of phosphate and potash fertilizer.
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