Horizonte Minerals (HZM) Stock Rating Reaffirmed by FinnCap

Horizonte Minerals (LON:HZM)‘s stock had its “corporate” rating restated by equities research analysts at FinnCap in a research report issued to clients and investors on Tuesday. They presently have a GBX 8 ($0.11) price target on the stock. FinnCap’s price target suggests a potential upside of 58.42% from the company’s previous close.

A number of other analysts have also recently commented on HZM. Shore Capital reaffirmed a “not rated” rating on shares of Horizonte Minerals in a report on Tuesday, August 29th. reaffirmed a “corporate” rating and set a GBX 8 ($0.11) target price on shares of Horizonte Minerals in a report on Tuesday, November 7th.

Horizonte Minerals (HZM) traded up GBX 0.47 ($0.01) on Tuesday, hitting GBX 5.05 ($0.07). 18,723,834 shares of the stock traded hands, compared to its average volume of 2,620,000. Horizonte Minerals has a 1 year low of GBX 2.25 ($0.03) and a 1 year high of GBX 5.10 ($0.07).

In related news, insider Allan Walker bought 500,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was purchased at an average price of GBX 5 ($0.07) per share, for a total transaction of £25,000 ($33,647.38).

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Horizonte Minerals Company Profile

Horizonte Minerals PLC is a United Kingdom-based nickel development company. The Company owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares.

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