Koryx Copper (CVE:KRY) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Koryx Copper (CVE:KRY) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Separately, Stifel Nicolaus set a C$3.75 price objective on Koryx Copper and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Koryx Copper presently has an average rating of “Strong Buy” and an average target price of C$3.75.

Koryx Copper Trading Up 12.1%

CVE KRY opened at C$2.23 on Wednesday. The company has a market cap of C$213.15 million, a price-to-earnings ratio of -13.94 and a beta of 1.07. The company has a 50 day moving average of C$1.74 and a 200-day moving average of C$1.32. Koryx Copper has a 1-year low of C$0.85 and a 1-year high of C$2.26.

Insider Buying and Selling at Koryx Copper

In other news, Director Heye Edmund Daun purchased 100,000 shares of Koryx Copper stock in a transaction that occurred on Friday, October 24th. The shares were acquired at an average price of C$1.64 per share, for a total transaction of C$164,000.00. Following the transaction, the director owned 2,114,033 shares of the company’s stock, valued at approximately C$3,467,014.12. The trade was a 4.97% increase in their position. Over the last ninety days, insiders have purchased 300,000 shares of company stock worth $470,276.