CIBC Reaffirms Their Hold Rating 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$27.00. The company’s shares opened today at $18.07.
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According to TipRanks, Bertozzi is a 2-star analyst with an average return of 40.0% and a 100.00% success rate. Bertozzi covers the Basic Materials sector, focusing on stocks such as NGEx Minerals, Allied Gold Corporation, and Skeena Resources.
Currently, the analyst consensus on NGEx Minerals is a Strong Buy with an average price target of $20.90.
NGXXF market cap is currently $3.91B and has a P/E ratio of -55.76.
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
