Cabral Gold (CVE:CBR) Given a C$1.70 Price Target by Stifel Nicolaus Analysts

Cabral Gold (CVE:CBR) has been given a C$1.70 price objective by investment analysts at Stifel Nicolaus in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 21.43% from the stock’s previous close.

Cabral Gold Stock Performance

Shares of CBR traded down C$0.01 during trading hours on Wednesday, hitting C$1.40. The company had a trading volume of 407,038 shares, compared to its average volume of 401,646. The business has a fifty day moving average of C$1.09 and a 200-day moving average of C$0.97. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The firm has a market cap of C$427.58 million, a price-to-earnings ratio of -28.00 and a beta of 2.69. Cabral Gold has a 12 month low of C$0.38 and a 12 month high of C$1.46.

Insiders Place Their Bets

In other Cabral Gold news, Director Alan Carter sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$0.91, for a total transaction of C$273,000.00. Following the completion of the sale, the director directly owned 13,137,408 shares in the company, valued at C$11,955,041.28. This trade represents a 2.23% decrease in their ownership of the stock. 6.87% of the stock is currently owned by corporate insiders.

Cabral Gold Company Profile

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.