Raymond James Financial Analysts Give NorthIsle Copper and Gold (CVE:NCX) a C$7.00 Price Target

Raymond James Financial set a C$7.00 target price on NorthIsle Copper and Gold (CVE:NCX) in a report published on Thursday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on the stock. Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce set a C$7.00 price objective on shares of NorthIsle Copper and Gold and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the company a “buy” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$6.50.

NorthIsle Copper and Gold Stock Down 2.0%

Shares of NCX opened at C$4.44 on Thursday. The stock has a 50 day moving average price of C$3.81 and a 200 day moving average price of C$3.26. NorthIsle Copper and Gold has a one year low of C$1.30 and a one year high of C$4.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85. The stock has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -55.50 and a beta of 1.75.

Insider Transactions at NorthIsle Copper and Gold

In other NorthIsle Copper and Gold news, insider Nicholas Van Dyk sold 300,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$4.49, for a total transaction of C$1,347,000.00. Following the completion of the sale, the insider owned 980,145 shares of the company’s stock, valued at C$4,400,851.05. This trade represents a 23.43% decrease in their ownership of the stock. 13.96% of the stock is currently owned by company insiders.

NorthIsle Copper and Gold Company Profile

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.