Desjardins Sticks to Its Buy Rating for NGEx Minerals (NGXXF)
In a report released today, Bryce Adams from Desjardins maintained a Buy rating on NGEx Minerals, with a price target of C$35.00. The company’s shares opened today at $18.82.
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According to TipRanks, Adams is a 5-star analyst with an average return of 22.4% and a 67.11% success rate. Adams covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, NGEx Minerals, and Magna Mining.
NGEx Minerals has an analyst consensus of Strong Buy, with a price target consensus of $20.18, which is a 7.25% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$34.00 price target.
NGXXF market cap is currently $3.97B and has a P/E ratio of -58.90.
Based on the recent corporate insider activity of 20 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 Expands Private Placement to C$175 Million Amid Strong Demand
- NGEx Minerals price target raised to C$34 from C$28 at National Bank
- NGEx Minerals: Strong Financial Backing and Strategic Moves Drive Buy Rating
- NGEx Minerals Announces C$100 Million Private Placement and Spin-Out Plan
- NGEx Minerals Secures C$100 Million for South American Exploration
