Capricorn Metals (OTCMKTS:CRNLF) Stock Price Down 2.2% – What’s Next?

Shares of Capricorn Metals Ltd (OTCMKTS:CRNLF) fell 2.2% on Thursday . The company traded as low as C$9.02 and last traded at C$9.02. 150 shares changed hands during trading, a decline of 86% from the average daily volume of 1,075 shares. The stock had previously closed at C$9.22.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Capricorn Metals in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price for the company. The Goldman Sachs Group cut shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target for the company. in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Capricorn Metals Stock Performance

The business has a 50 day moving average of C$9.34 and a 200-day moving average of C$9.26.

Capricorn Metals Company Profile

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.