In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Labrador Gold Corp (LAB – Research Report). Analyst Mark Reichman from Noble Financial remains bullish on the stock and has a $0.55 price target.
According to TipRanks.com, Reichman is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.8% and a 29.3% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Haynes International, Alliance Resource, and Endeavour Silver.
Currently, the analyst consensus on Labrador Gold Corp is a Moderate Buy with an average price target of C$0.75.
The company has a one-year high of C$0.56 and a one-year low of C$0.17. Currently, Labrador Gold Corp has an average volume of 105.3K.
Labrador Gold Corp is a Canadian based mineral exploration company. It focuses on the acquisition and exploration of prospective gold projects in the Americas. The company also has mineral right interests in Ontario, Canada. Its projects include Borden Lake Extension Project and Labrador Projects comprising Hopedale, Ashuanipi and Nain.
The company’s shares closed last Wednesday at C$0.18, close to its 52-week low of C$0.17.
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