CIBC Remains a Hold on NGEx Minerals (NGXXF)
In a report released today, Luke Bertozzi from CIBC maintained a Hold rating on NGEx Minerals, with a price target of C$26.00. The company’s shares opened today at $19.39.
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Bertozzi covers the Basic Materials sector, focusing on stocks such as NGEx Minerals, Allied Gold Corporation, and Centerra Gold. According to TipRanks, Bertozzi has an average return of 19.2% and a 100.00% success rate on recommended stocks.
In addition to CIBC, NGEx Minerals also received a Hold from Canaccord Genuity’s Peter Bell in a report issued on October 17. However, on October 6, Jefferies maintained a Buy rating on NGEx Minerals (Other OTC: NGXXF).
The company has a one-year high of $21.28 and a one-year low of $7.18. Currently, NGEx Minerals has an average volume of 40.16K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NGXXF in relation to earlier this year.
Read More on NGXXF:
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- NGEx Minerals downgraded to Hold from Speculative Buy at Canaccord
- NGEx Minerals Announces Spin-out of LunR Royalties and Leadership Appointments
- NGEx Minerals Secures C$175 Million and Announces Spin-Out of Royalties
- NGEx Minerals Secures C$175 Million in Oversubscribed Private Placement
- NGEx Minerals Expands Private Placement to C$175 Million Amid Strong Demand
