Ventum Capital Reiterates C$4.30 Price Target for Liberty Gold (TSE:LGD)

Liberty Gold (TSE:LGD) has been assigned a C$4.30 target price by analysts at Ventum Capital in a report issued on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Ventum Capital’s price target would indicate a potential upside of 94.57% from the company’s previous close.

Liberty Gold Trading Up 2.8%

LGD stock traded up C$0.06 during mid-day trading on Monday, reaching C$2.21. 1,357,397 shares of the stock traded hands, compared to its average volume of 1,564,856. Liberty Gold has a 52-week low of C$0.58 and a 52-week high of C$2.25. The stock’s fifty day moving average is C$1.72 and its 200-day moving average is C$1.52. The company has a market cap of C$1.21 billion, a P/E ratio of 110.50 and a beta of 4.08. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69.

Liberty Gold (TSE:LGD) last released its earnings results on Wednesday, August 12th. The company reported C$0.10 earnings per share for the quarter. As a group, sell-side analysts expect that Liberty Gold will post -0.09 earnings per share for the current year.

About Liberty Gold

Liberty Gold is a U.S.-focused gold company advancing Black Pine, its 100% owned oxide gold project in Idaho, located within the Great Basin, one of the world’s most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit progressing through feasibility and permitting toward a modern open-pit mining operation. The Company’s strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes, and value creation.