Hummingbird Resources’ (HUM) Hold Rating Reaffirmed at Berenberg Bank

Hummingbird Resources (LON:HUMGet Rating)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report issued on Monday, Marketbeat.com reports. They currently have a GBX 14 ($0.17) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 7.69% from the company’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 15 ($0.18) price objective on shares of Hummingbird Resources in a report on Tuesday, April 26th.

LON:HUM opened at GBX 13 ($0.16) on Monday. Hummingbird Resources has a 12-month low of GBX 10.55 ($0.13) and a 12-month high of GBX 24 ($0.30). The firm has a market cap of ¬£51.17 million and a price-to-earnings ratio of -14.44. The company has a quick ratio of 0.29, a current ratio of 0.56 and a debt-to-equity ratio of 29.94. The firm’s 50 day moving average is GBX 14.72.

About Hummingbird Resources (Get Rating)

Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. The company primarily explores for gold ores. It principally holds interests in the Yanfolila gold mine located in southern Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

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