Raymond James Financial Increases Meridian Mining UK Societas (CVE:MNO) Price Target to C$3.00

Meridian Mining UK Societas (CVE:MNO) had its target price increased by investment analysts at Raymond James Financial from C$2.75 to C$3.00 in a research report issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 191.26% from the stock’s previous close.

Separately, Stifel Nicolaus increased their price target on Meridian Mining UK Societas from C$3.00 to C$3.25 and gave the company a “buy” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$3.50.

Meridian Mining UK Societas Price Performance

Shares of CVE MNO traded up C$0.09 during trading on Wednesday, hitting C$1.03. The stock had a trading volume of 247,282 shares, compared to its average volume of 220,803. The firm has a fifty day moving average of C$1.03 and a two-hundred day moving average of C$1.03. Meridian Mining UK Societas has a 12 month low of C$0.37 and a 12 month high of C$1.34. The company has a market capitalization of C$152.09 million and a PE ratio of -3.30.

About Meridian Mining UK Societas

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.