Koryx Copper (CVE:KRY) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Koryx Copper (CVE:KRY) had its target price boosted by equities researchers at Stifel Nicolaus from C$4.25 to C$4.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 35.95% from the company’s previous close.

Koryx Copper Trading Down 2.9%

Shares of Koryx Copper stock opened at C$3.31 on Wednesday. The company has a market capitalization of C$398.89 million, a PE ratio of -8.71 and a beta of 1.55. Koryx Copper has a 12 month low of C$0.89 and a 12 month high of C$3.90. The stock’s fifty day simple moving average is C$3.26 and its 200 day simple moving average is C$2.45.

Insider Buying and Selling

In other Koryx Copper news, Director Charles Edward Loots acquired 34,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of C$3.09 per share, with a total value of C$105,060.00. Following the purchase, the director owned 743,667 shares of the company’s stock, valued at C$2,297,931.03. This represents a 4.79% increase in their position.