Scotiabank downgraded shares of Mandalay Resources Corp. (TSE:MND) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday, May 11th. The brokerage currently has C$0.70 target price on the stock, down from their previous target price of C$0.90.
A number of other equities research analysts also recently weighed in on the stock. Raymond James Financial, Inc. reissued an outperform rating and set a C$0.75 price target on shares of Mandalay Resources Corp. in a research note on Thursday, April 13th. Desjardins downgraded shares of Mandalay Resources Corp. from a buy rating to a hold rating in a research note on Friday, February 17th. Finally, BMO Capital Markets upped their target price on shares of Mandalay Resources Corp. from C$1.00 to C$1.10 in a research note on Tuesday, January 17th.
Mandalay Resources Corp. (TSE:MND) traded up 0.877% during midday trading on Thursday, reaching $0.575. The company had a trading volume of 56,316 shares. The company’s market capitalization is $259.47 million. The company’s 50 day moving average is $0.58 and its 200-day moving average is $0.70. Mandalay Resources Corp. has a 52-week low of $0.51 and a 52-week high of $1.35.
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Mandalay Resources Corp. Company Profile
Mandalay Resources Corporation is a gold, silver and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. The Company’s segments include Australia, Chile, Sweden and Canada. The Company’s producing assets are its Costerfield gold-antimony mine in Victoria, Australia; its Cerro Bayo silver-gold mine in Patagonia, Chile; and its Bjorkdal gold mine in northern Sweden.
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