Brio Gold Inc (TSE:BRIO) had its price objective decreased by equities researchers at CIBC from C$4.25 to C$3.50 in a research report issued on Thursday. CIBC’s target price would indicate a potential upside of 112.12% from the company’s current price.

Several other research firms have also recently issued reports on BRIO. Canaccord Genuity decreased their price objective on Brio Gold from C$4.00 to C$3.75 in a report on Friday, September 29th. National Bank Financial decreased their price objective on Brio Gold from C$5.10 to C$4.50 and set an “outperform” rating on the stock in a report on Wednesday.

Shares of Brio Gold (BRIO) traded down 1.79% during mid-day trading on Thursday, hitting $1.65. The stock had a trading volume of 49,579 shares. The stock has a 50 day moving average price of $1.98 and a 200-day moving average price of $2.41. Brio Gold has a 52-week low of $1.58 and a 52-week high of $3.59. The company’s market cap is $185.67 million.

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In other Brio Gold news, Director William Albert Washington acquired 56,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of C$1.80 per share, for a total transaction of C$100,800.00.

About Brio Gold

Brio Gold Inc, a mining company, engages in the exploration, extraction, processing, and mine reclamation of gold in Brazil. It holds four principle mining assets, including Pilar, Mineração Fazenda Brasileiro, Mineração Riacho dos Machados Ltda, and Santa Luz. The company was founded in 2014 and is headquartered in Toronto, Canada.

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