New Age Metals (CVE:NAM) Given a C$1.04 Price Target by Fundamental Research Analysts

New Age Metals (CVE:NAM) has been assigned a C$1.04 price target by equities research analysts at Fundamental Research in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 141.86% from the company’s current price.

New Age Metals Stock Up 3.6%

CVE:NAM opened at C$0.43 on Tuesday. New Age Metals has a 1 year low of C$0.08 and a 1 year high of C$0.61. The stock has a 50-day moving average price of C$0.46 and a two-hundred day moving average price of C$0.37. The stock has a market cap of C$31.34 million, a price-to-earnings ratio of -67.50 and a beta of -0.25. The company has a current ratio of 31.43, a quick ratio of 17.88 and a debt-to-equity ratio of 0.35.

New Age Metals Company Profile

New Age Metals Inc, a mineral exploration company, engages in the acquisition, exploration, and development of platinum group metals (PGMs), and precious and base metal properties in Canada. The company explores for rhodium, palladium, platinum, gold, nickel, copper, and lithium deposits. It holds interests in the River Valley PGE project located in the Dana and Pardo townships of Northern Ontario; the Genesis PGE project located in south central Alaska; and lithium projects situated to the northeast of Winnipeg, Manitoba.