Hut 8 Mining Corp (HUT – Research Report), the Technology company, was revisited by a Wall Street analyst today. Craig-Hallum’s analyst George Sutton reiterates their Hold rating on the shares.
According to TipRanks.com, Sutton is a 5-star analyst with an average return of 12.9% and a 52.6% success rate. Sutton covers the Technology sector, focusing on stocks such as Transact Technologies, Integral Ad Science, and Freightos Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hut 8 Mining Corp with a C$3.70 average price target.
The company has a one-year high of C$5.98 and a one-year low of C$1.08. Currently, Hut 8 Mining Corp has an average volume of 3.88M.
Hut 8 Mining Corp is a cryptocurrency mining company with industrial scale bitcoin mining operations in Canada. It provides investors with direct exposure to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. It is in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The company receives bitcoin in return from the commercial activity of bitcoin mining.
The company’s shares closed last Monday at C$5.05.
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