Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) shares dropped 0.7% during trading on Monday . The company traded as low as C$9.53 and last traded at C$9.53. 100 shares were traded during trading, a decline of 91% from the average daily volume of 1,120 shares. The stock had previously closed at C$9.60.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price on the stock. in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Capricorn Metals currently has a consensus rating of “Hold”.
Read Our Latest Report on CRNLF
Capricorn Metals Trading Down 0.7%
About Capricorn Metals
Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.
Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.
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