Mandalay Resources Corp. (TSE:MND)‘s stock had its “outperform” rating restated by equities researchers at Scotiabank in a research note issued to investors on Thursday. They currently have a C$1.45 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 45.00% from the company’s current price.

A number of other research firms also recently weighed in on MND. Raymond James Financial Inc. upped their price target on Mandalay Resources Corp. from C$1.25 to C$1.40 in a research report on Monday, June 27th. Desjardins cut their price objective on Mandalay Resources Corp. from C$1.95 to C$1.70 in a report on Tuesday, August 16th.

Mandalay Resources Corp. (TSE:MND) traded up 5.26% during midday trading on Thursday, reaching $1.00. 224,322 shares of the company’s stock were exchanged. Mandalay Resources Corp. has a 12 month low of $0.59 and a 12 month high of $1.35. The company has a market cap of $450.69 million and a P/E ratio of 125.00. The company has a 50 day moving average price of $1.05 and a 200 day moving average price of $1.07.

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Mandalay Resources Corp. Company Profile

Mandalay Resources Corporation is a Canada-based mining company. The Company is engaged in the business of exploration, development and mining of natural resource properties. It holds interest in properties, such as Costerfield, Australia; Cerro Bayo, Chile, and Bjorkdal, Sweden. The Company also focuses on the undergoing mineral exploration and water supply development.

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