Pi Financial Lowers Nighthawk Gold (TSE:NHK) Price Target to C$3.00

Nighthawk Gold (TSE:NHK) had its target price reduced by Pi Financial from C$5.15 to C$3.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Shares of NHK opened at C$1.79 on Wednesday. The company has a market capitalization of $79.96 million and a PE ratio of -14.21. Nighthawk Gold has a 12 month low of C$0.97 and a 12 month high of C$3.65. The stock’s 50-day moving average price is C$2.19 and its two-hundred day moving average price is C$1.87.

Nighthawk Gold (TSE:NHK) last announced its earnings results on Friday, May 15th. The company reported C($0.02) EPS for the quarter. Equities research analysts forecast that Nighthawk Gold will post -0.41 EPS for the current fiscal year.

In other Nighthawk Gold news, insider Robert Douglas Cudney acquired 70,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were bought at an average cost of C$1.71 per share, with a total value of C$119,700.00. Following the purchase, the insider now directly owns 8,763,400 shares of the company’s stock, valued at C$14,985,414. Also, Director Morris Prychidny acquired 33,808 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was acquired at an average cost of C$1.97 per share, for a total transaction of C$66,601.76. Following the completion of the purchase, the director now directly owns 312,803 shares in the company, valued at C$616,221.91. Insiders have acquired a total of 113,808 shares of company stock worth $200,202 over the last ninety days.

About Nighthawk Gold

Nighthawk Gold Corp. identifies, acquires, explores, and evaluates gold properties in Canada. It owns a 100% interest in the Indin Lake Gold property covering an area of 222,203 acres located to the north of Yellowknife, the Northwest Territories, as well as Colomac Gold Project. The company was formerly known as Merc International Minerals Inc and changed its name to Nighthawk Gold Corp.

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