Sabina Gold & Silver Corp. (TSE:SBB – Get Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.30 and traded as low as C$1.11. Sabina Gold & Silver shares last traded at C$1.19, with a volume of 1,303,766 shares trading hands.
Analysts Set New Price Targets
SBB has been the topic of several research reports. TD Securities cut their target price on Sabina Gold & Silver from C$3.00 to C$2.50 in a research report on Thursday, July 21st. National Bankshares lowered their price target on Sabina Gold & Silver from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a research note on Thursday, July 21st. Finally, Royal Bank of Canada raised their target price on Sabina Gold & Silver from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research note on Thursday, March 31st.
Sabina Gold & Silver Trading Up 8.2 %
The company has a debt-to-equity ratio of 4.86, a current ratio of 4.35 and a quick ratio of 4.15. The business has a 50-day moving average price of C$1.09 and a two-hundred day moving average price of C$1.30. The firm has a market cap of C$652.64 million and a PE ratio of -36.06.
About Sabina Gold & Silver
Sabina Gold & Silver Corp., a precious metals company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold and silver deposit. Its flagship projects include Back River gold project comprising Goose, George, Boulder, Boot, Del, and Bath properties, as well as the port facility at Bathurst Inlet that covers an area of approximately 564 square kilometers located in Nunavut, Canada; and silver royalty on the Hackett River project that covers an area of approximately 10,637 hectares located in Nunavut, Canada.
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