Brio Gold Inc (BRIO) Price Target Cut to C$3.00

Brio Gold Inc (TSE:BRIO) had its price target lowered by stock analysts at Canaccord Genuity from C$3.75 to C$3.00 in a report issued on Wednesday. Canaccord Genuity’s price objective suggests a potential upside of 81.82% from the stock’s previous close.

Separately, CIBC lowered their target price on shares of Brio Gold from C$5.05 to C$4.25 in a research report on Tuesday, July 25th.

Brio Gold (TSE:BRIO) opened at 1.65 on Wednesday. The firm’s market cap is $185.67 million. Brio Gold has a 52 week low of $1.58 and a 52 week high of $3.59. The firm’s 50 day moving average price is $1.98 and its 200-day moving average price is $2.41.

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In other Brio Gold news, Director William Albert Washington bought 56,000 shares of the stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of C$1.80 per share, with a total value of C$100,800.00.

Brio Gold Company Profile

Brio Gold Inc, a mining company, engages in the exploration, extraction, processing, and mine reclamation of gold in Brazil. It holds four principle mining assets, including Pilar, Mineração Fazenda Brasileiro, Mineração Riacho dos Machados Ltda, and Santa Luz. The company was founded in 2014 and is headquartered in Toronto, Canada.

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