Cabral Gold (CVE:CBR – Get Free Report) has been assigned a C$1.70 price objective by Stifel Nicolaus in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 21.43% from the stock’s current price.
Cabral Gold Stock Performance
Shares of Cabral Gold stock traded down C$0.01 during trading on Wednesday, reaching C$1.40. The company’s stock had a trading volume of 407,038 shares, compared to its average volume of 401,646. The business’s 50-day moving average price is C$1.09 and its 200-day moving average price is C$0.97. The firm has a market cap of C$427.58 million, a PE ratio of -28.00 and a beta of 2.69. Cabral Gold has a 52 week low of C$0.38 and a 52 week high of C$1.46. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.
Insiders Place Their Bets
In other Cabral Gold news, Director Alan Carter sold 180,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of C$1.01, for a total value of C$181,800.00. Following the completion of the sale, the director owned 13,137,408 shares of the company’s stock, valued at C$13,268,782.08. The trade was a 1.35% decrease in their position. 6.87% of the stock is owned by company insiders.
Cabral Gold Company Profile
Cabral Gold Inc operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil. Cabral Gold Inc was formerly known as San Angelo Oil Limited. The company is based in Vancouver, Canada.
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