Sirius Minerals (LON:SXX) Price Target Cut to GBX 9

Sirius Minerals (LON:SXX) had its price objective decreased by Liberum Capital from GBX 40 ($0.52) to GBX 9 ($0.12) in a research report report published on Tuesday morning, Digital Look reports. Liberum Capital currently has a buy rating on the potash development company’s stock.

A number of other research analysts have also weighed in on the stock. Shore Capital reissued a house stock rating on shares of Sirius Minerals in a research note on Tuesday, August 6th. Berenberg Bank lowered shares of Sirius Minerals to a hold rating and decreased their target price for the stock from GBX 35 ($0.46) to GBX 17 ($0.22) in a research note on Wednesday, August 7th.

SXX opened at GBX 4.39 ($0.06) on Tuesday. The company has a debt-to-equity ratio of 82.48, a current ratio of 1.24 and a quick ratio of 0.66. The company’s 50 day simple moving average is GBX 10.66 and its two-hundred day simple moving average is GBX 15.95. Sirius Minerals has a 1-year low of GBX 2.10 ($0.03) and a 1-year high of GBX 8,389 ($109.62). The firm has a market capitalization of $309.96 million and a price-to-earnings ratio of 5.49.

In other Sirius Minerals news, insider Christopher N. Fraser bought 250,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, with a total value of £10,000 ($13,066.77).

About Sirius Minerals

Sirius Minerals Plc engages in the exploration and development of resource properties in the United Kingdom. The company focuses on the development of the Woodsmith mine that explores for polyhalite deposit, a multi-nutrient fertilizer containing potassium, sulphur, magnesium, and calcium resources located in North Yorkshire.

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