Canaccord Genuity Trims Rye Patch Gold (RPM) Target Price to C$2.00

Rye Patch Gold (CVE:RPM) had its target price dropped by analysts at Canaccord Genuity from C$2.50 to C$2.00 in a research report issued to clients and investors on Monday. Canaccord Genuity’s target price points to a potential upside of 58.73% from the stock’s previous close.

Shares of Rye Patch Gold (RPM) traded up C$0.07 during mid-day trading on Monday, reaching C$1.26. 14,207 shares of the company’s stock were exchanged, compared to its average volume of 148,981. The firm has a market capitalization of $78.20, a PE ratio of -14.00 and a beta of -0.14. Rye Patch Gold has a 1 year low of C$1.17 and a 1 year high of C$2.37.

Rye Patch Gold (CVE:RPM) last announced its quarterly earnings results on Monday, November 27th. The company reported C($0.01) earnings per share for the quarter. Rye Patch Gold had a negative net margin of 376.98% and a negative return on equity of 21.55%.

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About Rye Patch Gold

Rye Patch Gold Corp. is an exploration-stage company engaged in the acquisition, exploration and development of mineral properties in Nevada, the United States through its subsidiary, Rye Patch Gold US Inc The Company’s activities are focused on over two geological trends in Nevada, including Oreana Trend and Cortez Trend.

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