Cabral Gold Inc. (CVE:CBR – Get Free Report) fell 2.9% on Tuesday. The stock traded as low as C$1.35 and last traded at C$1.36. Approximately 327,470 shares traded hands during trading, a decline of 21% from the average daily volume of 414,887 shares. The stock had previously closed at C$1.40.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus set a C$1.70 target price on shares of Cabral Gold and gave the stock a “buy” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Cabral Gold has a consensus rating of “Buy” and an average price target of C$1.70.
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Cabral Gold Stock Performance
About Cabral Gold
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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