NorthIsle Copper and Gold (CVE:NCX) Given a C$7.00 Price Target at Raymond James Financial

NorthIsle Copper and Gold (CVE:NCX – Get Free Report) has been assigned a C$7.00 target price by investment analysts at Raymond James Financial in a research note issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 54.53% from the company’s previous close.

Several other equities research analysts have also commented on NCX. Canadian Imperial Bank of Commerce set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a report on Friday, August 21st. Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Ventum Capital set a C$5.50 target price on shares of NorthIsle Copper and Gold and gave the company a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, NorthIsle Copper and Gold currently has a consensus rating of “Buy” and an average price target of C$6.50.

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NorthIsle Copper and Gold Price Performance

Shares of NorthIsle Copper and Gold stock traded up C$0.28 on Thursday, reaching C$4.53. The company’s stock had a trading volume of 809,510 shares, compared to its average volume of 623,103. The company has a quick ratio of 65.21, a current ratio of 28.85 and a debt-to-equity ratio of 0.49. The company has a market capitalization of C$1.51 billion, a P/E ratio of -56.62 and a beta of 1.75. The stock has a 50-day moving average price of C$3.76 and a 200-day moving average price of C$3.24. NorthIsle Copper and Gold has a 52-week low of C$1.30 and a 52-week high of C$4.74.

Insider Activity

In other news, insider Nicholas Van Dyk sold 300,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$4.49, for a total transaction of C$1,347,000.00. Following the completion of the sale, the insider owned 980,145 shares of the company’s stock, valued at C$4,400,851.05. This represents a 23.43% decrease in their ownership of the stock. 13.96% of the stock is owned by insiders.

NorthIsle Copper and Gold Company Profile

(Get Free Report)

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

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