Roxgold (TSE:ROXG) Price Target Lowered to C$1.40 at Eight Capital

Roxgold (TSE:ROXG) had its price objective reduced by equities research analysts at Eight Capital from C$1.65 to C$1.40 in a report released on Wednesday, BayStreet.CA reports. Eight Capital’s price target points to a potential upside of 60.92% from the stock’s current price.

Separately, Raymond James reissued an “outperform” rating and set a C$2.00 target price on shares of Roxgold in a research report on Thursday, November 14th.

TSE:ROXG remained flat at $C$0.87 on Wednesday. 121,493 shares of the company’s stock were exchanged, compared to its average volume of 539,186. The stock has a market capitalization of $360.39 million and a price-to-earnings ratio of 145.00. The firm has a fifty day moving average of C$0.94 and a 200 day moving average of C$1.05. The company has a debt-to-equity ratio of 21.07, a current ratio of 0.96 and a quick ratio of 0.78. Roxgold has a twelve month low of C$0.72 and a twelve month high of C$1.42.

Roxgold Company Profile

Roxgold Inc, a gold mining company, engages in acquiring, exploring, and evaluating mineral properties. Its principal asset is the Yaramoko gold project that covers an area of approximately 230 square kilometers located in the Houndé greenstone belt of Burkina Faso, West Africa. The company is headquartered in Toronto, Canada.

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