Leagold Mining (TSE:LMC) Trading Up 9.4%

Leagold Mining Corp (TSE:LMC)’s share price was up 9.4% during mid-day trading on Wednesday . The company traded as high as C$2.44 and last traded at C$2.44, approximately 419,089 shares were traded during trading. An increase of 10% from the average daily volume of 382,431 shares. The stock had previously closed at C$2.23.

Several brokerages recently issued reports on LMC. TD Securities reissued a “buy” rating and set a C$4.50 target price on shares of Leagold Mining in a research note on Monday, September 23rd. National Bank Financial decreased their price target on shares of Leagold Mining from C$4.00 to C$3.50 in a research note on Monday, November 18th. Finally, BMO Capital Markets upped their price objective on shares of Leagold Mining from C$4.00 to C$4.50 in a report on Wednesday, September 11th.

The business has a 50 day moving average of C$2.23 and a two-hundred day moving average of C$2.22. The firm has a market capitalization of $601.11 million and a price-to-earnings ratio of -10.28. The company has a debt-to-equity ratio of 62.14, a quick ratio of 0.82 and a current ratio of 2.15.

Leagold Mining (TSE:LMC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.02). The business had revenue of C$160.65 million during the quarter. On average, equities analysts predict that Leagold Mining Corp will post 0.31 EPS for the current fiscal year.

Leagold Mining Company Profile (TSE:LMC)

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.

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