Jefferies Reaffirms Their Buy Rating on NGEx Minerals (NGXXF)
In a report released today, Fahad Tariq from Jefferies maintained a Buy rating on NGEx Minerals, with a price target of C$31.00. The company’s shares closed last Friday at $19.00.
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According to TipRanks, Tariq is a 4-star analyst with an average return of 12.1% and a 66.25% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as NGEx Minerals, Barrick Mining, and Franco-Nevada.
Currently, the analyst consensus on NGEx Minerals is a Strong Buy with an average price target of $20.52, representing an 8.00% upside. In a report released on October 2, Desjardins also maintained a Buy rating on the stock with a C$35.00 price target.
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 35.73K.
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
