Meridian Mining UK Societas (TSE:MNO) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Meridian Mining UK Societas (TSE:MNO) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Separately, Scotiabank raised Meridian Mining UK Societas to a “strong-buy” rating in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Price Performance

TSE:MNO opened at C$1.81 on Thursday. The firm has a market capitalization of C$759.22 million, a price-to-earnings ratio of -36.20 and a beta of 1.81. Meridian Mining UK Societas has a 1 year low of C$0.61 and a 1 year high of C$2.05. The business has a 50 day simple moving average of C$1.76 and a 200-day simple moving average of C$1.56.

Meridian Mining UK Societas Company Profile

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.