Leagold Mining’s (LMC) Buy Rating Reiterated at BMO Capital Markets

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Leagold Mining (TSE:LMC)‘s stock had its “buy” rating restated by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Monday, December 17th. They currently have a C$2.75 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 50.27% from the stock’s previous close.

Several other analysts have also recently weighed in on LMC. CIBC lowered their price target on Leagold Mining from C$4.25 to C$3.50 in a report on Friday, November 16th. Cormark raised their price target on Leagold Mining from C$4.25 to C$4.60 in a report on Friday, November 16th. GMP Securities reaffirmed a “buy” rating and issued a C$3.50 price target on shares of Leagold Mining in a report on Monday, November 26th. Finally, Canaccord Genuity lowered their price target on Leagold Mining from C$4.25 to C$3.50 in a report on Thursday, October 18th. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$3.87.

Shares of TSE LMC traded down C$0.06 during trading on Monday, reaching C$1.83. 231,435 shares of the stock traded hands, compared to its average volume of 166,426. The company has a quick ratio of 0.54, a current ratio of 1.33 and a debt-to-equity ratio of 41.80. Leagold Mining has a 52-week low of C$1.28 and a 52-week high of C$3.17.

Leagold Mining (TSE:LMC) last issued its quarterly earnings data on Wednesday, November 14th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The company had revenue of C$145.41 million for the quarter. As a group, equities analysts anticipate that Leagold Mining will post 0.270000012232045 EPS for the current fiscal year.

About Leagold Mining

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.

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Analyst Recommendations for Leagold Mining (TSE:LMC)

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