Cabral Gold (CVE:CBR) Hits New 1-Year High – Time to Buy?

Cabral Gold Inc. (CVE:CBR) reached a new 52-week high on Thursday . The company traded as high as C$1.46 and last traded at C$1.46, with a volume of 375871 shares trading hands. The stock had previously closed at C$1.35.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$1.70 target price on Cabral Gold and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Cabral Gold presently has an average rating of “Buy” and an average price target of C$1.70.

Cabral Gold Price Performance

The company’s 50 day moving average price is C$1.09 and its 200-day moving average price is C$0.98. The stock has a market cap of C$445.91 million, a P/E ratio of -29.20 and a beta of 2.69. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In other Cabral Gold news, Director Alan Carter sold 180,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of C$1.01, for a total transaction of C$181,800.00. Following the completion of the sale, the director owned 13,137,408 shares of the company’s stock, valued at approximately C$13,268,782.08. This represents a 1.35% decrease in their position. Corporate insiders own 6.87% of the company’s stock.

About Cabral Gold

Cabral Gold Inc operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil. Cabral Gold Inc was formerly known as San Angelo Oil Limited. The company is based in Vancouver, Canada.