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Analysts at Raymond James upped their price target on shares of Mandalay Resoruces (TSE:MND) from C$1.40 to C$1.50 in a research report issued to clients and investors on Thursday. Raymond James’ price target indicates a potential upside of 38.89% from the stock’s previous close.

Separately, analysts at Haywood Securities raised their price target on shares of Mandalay Resoruces from C$1.40 to C$1.60 in a research note on Friday, August 8th. They now have a “buy” rating on the stock.

Mandalay Resoruces (TSE:MND) traded down 1.85% during mid-day trading on Thursday, hitting $1.06. The stock had a trading volume of 110,421 shares. Mandalay Resoruces has a one year low of $0.71 and a one year high of $1.22. The stock’s 50-day moving average is $1.13 and its 200-day moving average is $1.00. The company has a market cap of $362.2 million and a price-to-earnings ratio of 12.86.

Mandalay Resources Corporation (TSE:MND) is a mining company.

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