Stifel Nicolaus Raises Meridian Mining UK Societas (CVE:MNO) Price Target to C$3.00

Meridian Mining UK Societas (CVE:MNO) had its target price raised by stock analysts at Stifel Nicolaus from C$2.50 to C$3.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 191.26% from the stock’s current price.

Meridian Mining UK Societas Stock Up 9.6%

Meridian Mining UK Societas stock opened at C$1.03 on Wednesday. Meridian Mining UK Societas has a twelve month low of C$0.37 and a twelve month high of C$1.34. The firm has a 50 day moving average price of C$1.03 and a 200-day moving average price of C$1.03. The company has a market capitalization of C$152.09 million and a P/E ratio of -3.30.

About Meridian Mining UK Societas

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.