Stifel Nicolaus Reiterates “C$3.75” Price Target for Koryx Copper (CVE:KRY)

Koryx Copper (CVE:KRY) has been given a C$3.75 price objective by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 85.64% from the stock’s current price.

Koryx Copper Stock Performance

CVE:KRY traded up C$0.16 during trading hours on Thursday, reaching C$2.02. The stock had a trading volume of 88,050 shares, compared to its average volume of 103,772. The stock has a market cap of C$193.08 million, a P/E ratio of -12.63 and a beta of 1.07. The stock has a 50 day simple moving average of C$1.71 and a 200 day simple moving average of C$1.30. Koryx Copper has a 12-month low of C$0.85 and a 12-month high of C$2.05.

Insiders Place Their Bets

In other Koryx Copper news, Director Heye Edmund Daun bought 100,000 shares of Koryx Copper stock in a transaction dated Friday, October 24th. The stock was purchased at an average price of C$1.64 per share, for a total transaction of C$164,000.00. Following the completion of the purchase, the director directly owned 2,114,033 shares of the company’s stock, valued at approximately C$3,467,014.12. This trade represents a 4.97% increase in their ownership of the stock. Insiders have bought a total of 300,000 shares of company stock worth $470,276 in the last three months.