ATB Cormark Capital Markets Issues Positive Forecast for Blue Moon Metals (CVE:MOON) Stock Price

Blue Moon Metals (CVE:MOON) had its price target lifted by ATB Cormark Capital Markets from C$10.00 to C$13.50 in a report published on Monday,BayStreet.CA reports. ATB Cormark Capital Markets currently has a speculative buy rating on the stock.

A number of other research firms have also issued reports on MOON. Scotiabank increased their price target on Blue Moon Metals from C$6.00 to C$7.50 in a research report on Thursday, January 8th. Haywood Capital set a C$15.00 price objective on Blue Moon Metals and gave the stock a “buy” rating in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$12.00.

Blue Moon Metals Stock Up 4.0%

Shares of CVE MOON opened at C$11.00 on Monday. The stock has a market cap of C$889.27 million, a P/E ratio of -23.91 and a beta of 0.77. The business’s fifty day simple moving average is C$7.80 and its 200-day simple moving average is C$5.64. Blue Moon Metals has a 12-month low of C$2.70 and a 12-month high of C$11.80. The company has a current ratio of 3.53, a quick ratio of 0.50 and a debt-to-equity ratio of 10.12.

Blue Moon Metals Company Profile

Blue Moon Metals Inc, an exploration stage company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company primarily explores for zinc, copper, silver, and gold deposits. It primarily holds 100% interests in the Blue Moon zinc property that comprises patented and unpatented lode mineral claims totaling 445 acres in Mariposa County, California; and Yava base metals property, which includes two mineral leases totaling 1,280 hectares located in Nunavut.