BMO Capital Markets Boosts Mandalay Resources (TSE:MND) Price Target to C$4.00

Mandalay Resources (TSE:MND) had its price objective increased by BMO Capital Markets from C$0.40 to C$4.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Shares of TSE MND opened at C$1.24 on Tuesday. Mandalay Resources has a twelve month low of C$0.50 and a twelve month high of C$2.40. The business’s fifty day moving average price is C$0.34. The company has a market capitalization of $120.17 million and a P/E ratio of -0.89. The company has a debt-to-equity ratio of 48.23, a current ratio of 1.36 and a quick ratio of 1.06.

Mandalay Resources Company Profile

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Björkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Västerbotten County in northern Sweden.

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