Serabi Gold PLC (LON:SRB) had its target price raised by Peel Hunt from GBX 6 ($0.08) to GBX 7.60 ($0.10) in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 44.76% from the company’s current price.

Serabi Gold PLC (LON:SRB) opened at 5.25 on Thursday. The stock’s 50 day moving average is GBX 5.70 and its 200 day moving average is GBX 4.98. The company’s market capitalization is GBX 34.46 million. Serabi Gold PLC has a one year low of GBX 2.40 and a one year high of GBX 7.00.

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About Serabi Gold PLC

Serabi Gold plc is a United Kingdom-based holding and gold sales company and a provider of support and management services to its operating subsidiaries. The Company is engaged in the evaluation and development of gold projects in Brazil. It is involved in the development of gold and other metals mining projects in Brazil and the operation of the Palito gold mine in the Tapajos region of Brazil.

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