NorthIsle Copper and Gold (CVE:NCX) Hits New 52-Week High – Time to Buy?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.08 and last traded at C$3.97, with a volume of 111450 shares changing hands. The stock had previously closed at C$3.99.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NCX. Ventum Financial upgraded NorthIsle Copper and Gold to a “strong-buy” rating in a report on Thursday, May 28th. Ventum Capital set a C$5.50 price objective on NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$5.50.

NorthIsle Copper and Gold Trading Down 3.3%

The company has a current ratio of 53.53, a quick ratio of 65.21 and a debt-to-equity ratio of 0.27. The company has a market cap of C$1.26 billion, a PE ratio of -54.14 and a beta of 1.69. The business’s 50-day simple moving average is C$3.09 and its 200-day simple moving average is C$3.02.

About NorthIsle Copper and Gold

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.