Blue Moon Metals (CVE:MOON) Price Target Raised to C$13.50

Blue Moon Metals (CVE:MOON) had its price target increased by ATB Cormark Capital Markets from C$10.00 to C$13.50 in a research report released on Monday morning,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank boosted their price objective on shares of Blue Moon Metals from C$6.00 to C$7.50 in a research note on Thursday, January 8th. Haywood Capital set a C$15.00 price target on shares of Blue Moon Metals and gave the stock a “buy” rating in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Stock Up 2.8%

Shares of CVE MOON opened at C$10.95 on Monday. Blue Moon Metals has a 52-week low of C$2.70 and a 52-week high of C$11.80. The firm has a fifty day moving average of C$8.03 and a 200-day moving average of C$5.73. The stock has a market capitalization of C$885.23 million, a PE ratio of -23.80 and a beta of 0.77. The company has a quick ratio of 0.50, a current ratio of 3.53 and a debt-to-equity ratio of 10.12.

Blue Moon Metals Company Profile

Blue Moon Metals Inc, an exploration stage company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company primarily explores for zinc, copper, silver, and gold deposits. It primarily holds 100% interests in the Blue Moon zinc property that comprises patented and unpatented lode mineral claims totaling 445 acres in Mariposa County, California; and Yava base metals property, which includes two mineral leases totaling 1,280 hectares located in Nunavut.