Falco Resources (CVE:FPC) Lowered to Hold at Desjardins

Falco Resources (CVE:FPC) was downgraded by stock analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet.CA reports. They presently have a C$0.60 price objective on the stock, down from their prior price objective of C$1.50. Desjardins’ price target would suggest a potential upside of 130.77% from the company’s current price.

CVE FPC traded up C$0.01 on Wednesday, reaching C$0.26. 133,520 shares of the stock traded hands, compared to its average volume of 163,544. The stock’s fifty day moving average price is C$0.25. The company has a debt-to-equity ratio of 10.97, a quick ratio of 0.31 and a current ratio of 0.34. The company has a market capitalization of $53.01 million and a P/E ratio of -8.97. Falco Resources has a 12 month low of C$0.21 and a 12 month high of C$0.54.

Falco Resources Company Profile

Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. It explores for base and precious metals, such as gold, zinc, copper, and silver deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 67,000 hectares located in the Province of Québec.

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Analyst Recommendations for Falco Resources (CVE:FPC)

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