Meridian Mining UK Societas (CVE:MNO) Price Target Raised to C$4.00

Meridian Mining UK Societas (CVE:MNO) had its price objective lifted by Stifel Nicolaus from C$3.25 to C$4.00 in a research report sent to investors on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

Separately, Raymond James Financial lifted their price objective on Meridian Mining UK Societas from C$2.75 to C$3.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$3.50.

Meridian Mining UK Societas Stock Up 9.6%

CVE:MNO opened at C$1.03 on Wednesday. Meridian Mining UK Societas has a 12-month low of C$0.37 and a 12-month high of C$1.34. The firm has a market capitalization of C$152.09 million and a PE ratio of -3.30. The firm has a 50-day moving average price of C$1.03 and a 200 day moving average price of C$1.03.

Meridian Mining UK Societas Company Profile

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.