Koryx Copper (CVE:KRY) Shares Up 7.9% – Still a Buy?

Koryx Copper Inc. (CVE:KRYGet Free Report)’s share price traded up 7.9% during trading on Tuesday . The stock traded as high as C$3.13 and last traded at C$3.13. Approximately 73,128 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 190,718 shares. The stock had previously closed at C$2.90.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Koryx Copper from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets set a C$6.00 price target on shares of Koryx Copper and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$5.25.

Read Our Latest Report on KRY

Koryx Copper Price Performance

The stock has a market cap of C$370.75 million, a P/E ratio of -7.26 and a beta of 0.94. The company’s 50 day moving average price is C$3.21 and its two-hundred day moving average price is C$3.14.

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