Hut 8 Mining (TSE:HUT – Get Rating) had its target price reduced by HC Wainwright from C$24.00 to C$6.50 in a research report released on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.
Separately, Stifel Nicolaus initiated coverage on shares of Hut 8 Mining in a research note on Thursday, March 24th. They issued a buy rating and a C$11.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$12.38.
Shares of HUT opened at C$3.19 on Thursday. The stock has a fifty day moving average of C$5.50 and a two-hundred day moving average of C$8.83. The company has a debt-to-equity ratio of 7.19, a quick ratio of 5.40 and a current ratio of 17.96. The company has a market capitalization of C$555.66 million and a PE ratio of -5.89. Hut 8 Mining has a fifty-two week low of C$2.93 and a fifty-two week high of C$20.61.
Hut 8 Mining Company Profile (Get Rating)
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.
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