Superior Gold (SGI) PT Lowered to C$1.15

Superior Gold (CVE:SGI) had its price objective reduced by TD Securities from C$1.30 to C$1.15 in a research note published on Thursday morning. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Cormark downgraded shares of Superior Gold from a buy rating to a market perform rating and decreased their target price for the company from C$1.05 to C$0.80 in a research report on Thursday. Eight Capital decreased their target price on shares of Superior Gold from C$1.80 to C$1.50 in a research report on Monday, March 11th.

CVE:SGI opened at C$0.61 on Thursday. Superior Gold has a 12 month low of C$0.58 and a 12 month high of C$1.62. The company has a debt-to-equity ratio of 13.74, a current ratio of 2.02 and a quick ratio of 1.36. The firm has a market cap of $58.41 million and a PE ratio of -6.22.

Superior Gold Company Profile

Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.

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