Orocobre (TSE:ORL) had its target price increased by equities research analysts at Eight Capital from C$7.00 to C$9.10 in a report issued on Monday. Eight Capital’s target price points to a potential upside of 35.22% from the company’s current price.
Shares of Orocobre (ORL) traded down C$0.26 during mid-day trading on Monday, hitting C$6.73. The stock had a trading volume of 641,088 shares, compared to its average volume of 175,705. Orocobre has a one year low of C$2.73 and a one year high of C$7.17.
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Orocobre Limited operates primarily in Argentina in the mining industry. The Company engages in the production ramp up of its Olaroz Lithium Facility and the operation of Borax Argentina SA (Borax Argentina). Its segments include Corporate, the Olaroz project, South American Salars and Borax Argentina.
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