Serabi Gold (LON:SRB) Price Target Cut to GBX 130 by Analysts at Peel Hunt

Serabi Gold (LON:SRB) had its price target reduced by Peel Hunt from GBX 140 ($1.83) to GBX 130 ($1.70) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Shares of SRB opened at GBX 61 ($0.80) on Wednesday. The firm has a market cap of $35.94 million and a P/E ratio of -8.24. Serabi Gold has a fifty-two week low of GBX 24 ($0.31) and a fifty-two week high of GBX 73.65 ($0.96). The company has a quick ratio of 0.61, a current ratio of 1.10 and a debt-to-equity ratio of 9.23. The firm has a 50-day simple moving average of GBX 51.39.

Serabi Gold Company Profile

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.

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