Eight Capital Trims Mason Graphite (LLG) Target Price to C$2.00

Mason Graphite (CVE:LLG) had its price objective lowered by Eight Capital from C$3.00 to C$2.00 in a report issued on Thursday. Eight Capital’s target price points to a potential upside of 244.83% from the stock’s current price.

Separately, National Bank Financial cut their target price on shares of Mason Graphite from C$2.75 to C$1.90 and set an “outperform” rating on the stock in a research note on Friday, October 26th.

Shares of CVE LLG opened at C$0.58 on Thursday. Mason Graphite has a 12-month low of C$0.44 and a 12-month high of C$2.87. The company has a current ratio of 4.20, a quick ratio of 4.19 and a debt-to-equity ratio of 4.19.

Mason Graphite (CVE:LLG) last issued its earnings results on Monday, November 26th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Mason Graphite will post 0.01 earnings per share for the current fiscal year.

About Mason Graphite

Mason Graphite Inc, a mining and processing company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It owns a 100% interest in the Lac Guéret graphite property, which consists of 215 claims covering an area of 11,630 hectares located in northeastern Quebec.

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