Thor Explorations (LON:THX) Given “Buy” Rating at Canaccord Genuity Group

Thor Explorations (LON:THX)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 130 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 120.34% from the stock’s previous close.

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of Thor Explorations in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 130.

Thor Explorations Trading Down 5.8%

THX stock opened at GBX 59 on Tuesday. The company has a market cap of £393.28 million, a P/E ratio of 1.86 and a beta of 1.73. Thor Explorations has a 52 week low of GBX 44.50 and a 52 week high of GBX 101. The company’s 50-day moving average price is GBX 59.06 and its 200 day moving average price is GBX 72.02.

Insider Activity

In other news, insider Adrian J. G. Coates sold 36,250 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of GBX 55, for a total value of £19,937.50. 12.62% of the stock is owned by company insiders.

About Thor Explorations

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).