Canaccord Genuity Group Reaffirms “Buy” Rating for Thor Explorations (LON:THX)

Thor Explorations (LON:THX – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 130 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 120.34% from the stock’s current price.

Separately, Shore Capital Group reiterated a “buy” rating on shares of Thor Explorations in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Thor Explorations currently has an average rating of “Buy” and a consensus price target of GBX 130.

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Thor Explorations Trading Down 5.8%

THX stock opened at GBX 59 on Tuesday. The company has a market capitalization of £393.28 million, a P/E ratio of 1.86 and a beta of 1.73. The business has a 50 day simple moving average of GBX 59.06 and a 200-day simple moving average of GBX 72.02. Thor Explorations has a twelve month low of GBX 44.50 and a twelve month high of GBX 101.

Insider Buying and Selling at Thor Explorations

In related news, insider Adrian J. G. Coates sold 36,250 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of GBX 55, for a total transaction of £19,937.50. 12.62% of the stock is currently owned by corporate insiders.

Thor Explorations Company Profile

(Get Free Report)

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).

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