NorthIsle Copper and Gold (CVE:NCX) Given a C$7.00 Price Target at Raymond James Financial

NorthIsle Copper and Gold (CVE:NCX) received a C$7.00 target price from investment analysts at Raymond James Financial in a research report issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 54.53% from the company’s previous close.

NCX has been the topic of several other research reports. 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 target price on shares of NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a C$7.00 target price on shares of NorthIsle Copper and Gold and gave the company an “outperform” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, NorthIsle Copper and Gold currently has a consensus rating of “Buy” and an average target price of C$6.50.

NorthIsle Copper and Gold Price Performance

Shares of CVE:NCX traded up C$0.28 during midday trading on Thursday, hitting C$4.53. The company had a trading volume of 809,510 shares, compared to its average volume of 623,103. NorthIsle Copper and Gold has a twelve month low of C$1.30 and a twelve month high of C$4.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 28.85 and a quick ratio of 65.21. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of -56.62 and a beta of 1.75. The business’s 50-day simple moving average is C$3.76 and its 200-day simple moving average is C$3.24.

Insider Activity

In related news, insider Nicholas Van Dyk sold 300,000 shares of NorthIsle Copper and Gold stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$4.49, for a total value of C$1,347,000.00. Following the completion of the transaction, the insider directly owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This trade represents a 23.43% decrease in their ownership of the stock. Insiders own 13.96% of the company’s stock.

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.