Blue Moon Metals Inc. $BMM Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Blue Moon Metals Inc. (NASDAQ:BMM) by 1,314.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,875,569 shares of the company’s stock after acquiring an additional 3,601,539 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Blue Moon Metals were worth $24,569,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Periscope Capital Inc. acquired a new stake in shares of Blue Moon Metals in the second quarter worth $63,432,000. DLD Asset Management LP acquired a new position in Blue Moon Metals during the second quarter valued at $639,000. Finally, Deutsche Bank AG boosted its position in Blue Moon Metals by 41.3% during the 2nd quarter. Deutsche Bank AG now owns 953,102 shares of the company’s stock worth $6,090,000 after acquiring an additional 278,801 shares during the period.

Blue Moon Metals Stock Performance

Blue Moon Metals stock opened at $5.31 on Tuesday. The firm’s fifty day moving average is $5.79. Blue Moon Metals Inc. has a 12 month low of $2.20 and a 12 month high of $8.63.

Wall Street Analyst Weigh In

Several research firms have weighed in on BMM. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Moon Metals in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Maxim Group started coverage on shares of Blue Moon Metals in a research report on Friday, June 12th. They issued a “buy” rating and a $15.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.00.