BitMine Immersion Technologies (NYSEAMERICAN:BMNR – Get Free Report) had its price objective lowered by equities researchers at B. Riley from $90.00 to $47.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 80.77% from the stock’s previous close.
Separately, Zacks Research raised shares of BitMine Immersion Technologies to a “hold” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, BitMine Immersion Technologies currently has a consensus rating of “Buy” and an average target price of $47.00.
Check Out Our Latest Analysis on BitMine Immersion Technologies
BitMine Immersion Technologies Trading Down 0.1%
Institutional Investors Weigh In On BitMine Immersion Technologies
Hedge funds have recently modified their holdings of the business. CNB Bank acquired a new position in BitMine Immersion Technologies during the third quarter worth about $26,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of BitMine Immersion Technologies during the third quarter valued at about $30,000. Guerra Advisors Inc purchased a new position in BitMine Immersion Technologies during the 3rd quarter valued at about $31,000. Wellington Shields Capital Management LLC purchased a new stake in BitMine Immersion Technologies during the 3rd quarter worth approximately $31,000. Finally, HM Payson & Co. acquired a new stake in shares of BitMine Immersion Technologies in the third quarter valued at $35,000.
BitMine Immersion Technologies Company Profile
BitMine Immersion Technologies Inc focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc is based in ATLANTA, GA.
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