Raymond James upgraded shares of Rio2 (CVE:RIO – Free Report) from a market perform rating to an outperform rating in a report published on Tuesday morning, BayStreet.CA reports. They currently have C$0.60 price objective on the stock, up from their previous price objective of C$0.40.
Rio2 Stock Down 1.1 %
Rio2 stock opened at C$0.46 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 7.59. The business’s 50-day simple moving average is C$0.39 and its two-hundred day simple moving average is C$0.31. The company has a market cap of C$117.95 million, a PE ratio of -11.25 and a beta of 2.35. Rio2 has a fifty-two week low of C$0.16 and a fifty-two week high of C$0.48.
Rio2 (CVE:RIO – Get Free Report) last issued its earnings results on Thursday, March 28th. The company reported C$0.03 EPS for the quarter. Equities analysts anticipate that Rio2 will post -0.03 EPS for the current year.
Rio2 Company Profile
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
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