Stifel Nicolaus Reiterates C$6.10 Price Target for Rio2 (TSE:RIO)

Stifel Nicolaus set a C$6.10 price target on Rio2 (TSE:RIO) in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial set a C$5.50 target price on Rio2 and gave the stock an “outperform” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Rio2 currently has an average rating of “Buy” and a consensus price target of C$5.80.

Rio2 Trading Down 4.1%

Shares of Rio2 stock opened at C$2.60 on Thursday. Rio2 has a 52-week low of C$1.41 and a 52-week high of C$4.09. The firm has a market capitalization of C$1.42 billion, a PE ratio of 260.00 and a beta of 2.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.10 and a quick ratio of 1.09. The company’s fifty day moving average price is C$2.75 and its two-hundred day moving average price is C$2.98.

Rio2 (TSE:RIO) last released its quarterly earnings data on Saturday, May 16th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$91.56 million for the quarter. On average, analysts expect that Rio2 will post -0.03 EPS for the current year.

About Rio2

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.