Leagold Mining (TSE:LMC) Shares Up 9.4%

Leagold Mining Corp (TSE:LMC) shot up 9.4% on Wednesday . The company traded as high as C$2.44 and last traded at C$2.44, 419,089 shares were traded during mid-day trading. An increase of 10% from the average session volume of 382,431 shares. The stock had previously closed at C$2.23.

LMC has been the topic of several recent research reports. BMO Capital Markets lifted their price target on Leagold Mining from C$4.00 to C$4.50 in a research note on Wednesday, September 11th. TD Securities reiterated a “buy” rating and set a C$4.50 price objective on shares of Leagold Mining in a report on Monday, September 23rd. Finally, National Bank Financial decreased their price objective on Leagold Mining from C$4.00 to C$3.50 in a report on Monday, November 18th.

The stock’s 50-day moving average price is C$2.23 and its 200 day moving average price is C$2.22. The company has a debt-to-equity ratio of 62.14, a current ratio of 2.15 and a quick ratio of 0.82. The firm has a market cap of $601.11 million and a P/E ratio of -10.28.

Leagold Mining (TSE:LMC) last released its earnings results on Tuesday, November 5th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The company had revenue of C$160.65 million for the quarter. As a group, analysts forecast that Leagold Mining Corp will post 0.31 EPS for the current fiscal year.

Leagold Mining Company Profile (TSE:LMC)

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016.

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