Sabina Gold & Silver Corp (TSE:SBB) shares traded down 7.7% during trading on Friday . The stock traded as low as C$1.73 and last traded at C$1.80. 1,291,644 shares changed hands during mid-day trading, an increase of 252% from the average session volume of 366,772 shares. The stock had previously closed at C$1.95.
Several research analysts have commented on the stock. TD Securities raised their price target on shares of Sabina Gold & Silver from C$3.00 to C$3.25 and gave the company a “speculative buy” rating in a report on Friday, October 20th. Royal Bank of Canada raised their price target on shares of Sabina Gold & Silver from C$2.50 to C$3.00 and gave the company a “sector perform” rating in a report on Thursday, December 21st.
The stock has a market cap of $410.24, a price-to-earnings ratio of -90.50 and a beta of 0.16.
In other news, insider Dundee Precious Metals Inc. purchased 2,200,000 shares of the business’s stock in a transaction on Monday, January 15th. The stock was purchased at an average cost of C$2.26 per share, with a total value of C$4,972,000.00.
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Sabina Gold & Silver Company Profile
Sabina Gold & Silver Corp. is a precious metals company. The Company’s principal business activity is the exploration and development of mineral property interests. The Company’s principal assets are the Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut, Canada.
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