Jefferies Keeps Their Buy Rating on NGEx Minerals (NGXXF)
Jefferies analyst Fahad Tariq maintained a Buy rating on NGEx Minerals today and set a price target of C$29.00.
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According to TipRanks, Tariq is a 4-star analyst with an average return of 14.3% and a 67.65% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Wheaton Precious Metals, and Alamos Gold.
Currently, the analyst consensus on NGEx Minerals is a Moderate Buy with an average price target of $21.46.
Based on NGEx Minerals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$21.39 million. In comparison, last year the company had a GAAP net loss of C$7.58 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is neutral on the stock.
Read More on NGXXF:
Disclaimer & DisclosureReport an Issue
- NGEx Minerals Advances Exploration with Strong Financial Backing
- NGEx Minerals Strengthens Financial Position and Advances Lunahuasi Exploration
- NGEx Minerals Launches Phase 4 Drilling at Lunahuasi
- NGEx Minerals Completes Strategic Spin-out of Royalties to LunR
- NGEx Minerals price target lowered to C$26 from C$27 at CIBC
