Banro Co. (BAA) Cut to “Sell” at ValuEngine
Banro Co. (NYSEMKT:BAA) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, June 2nd.
Banro (BAA) traded up 3.3493% during trading on Friday, reaching $0.7745. The company’s stock had a trading volume of 69,795 shares. Banro has a 52-week low of $0.08 and a 52-week high of $4.80. The stock’s market cap is $85.08 million. The firm has a 50 day moving average price of $0.30 and a 200-day moving average price of $0.20.
Banro (NYSEMKT:BAA) last released its quarterly earnings results on Monday, April 3rd. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $54.69 million during the quarter. On average, analysts expect that Banro will post $0.09 earnings per share for the current year.
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Banro Company Profile
Banro Corp (Banro) is a Canada-based gold mining company. The Company, through its subsidiaries, holds interest in a number of gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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