Thesis Gold (CVE:TAU) Stock Falls 0.7% – Here’s What Happened

Thesis Gold Inc. (CVE:TAU)’s share price was down 0.7% during trading on Tuesday. The stock traded as low as C$2.98 and last traded at C$3.02. 314,205 shares traded hands during trading, a decline of 33% from the average daily volume of 471,650 shares. The stock had previously closed at C$3.04.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Securities raised shares of Thesis Gold to a “strong-buy” rating in a research report on Wednesday, September 9th. TD set a C$5.00 target price on shares of Thesis Gold and gave the company a “buy” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$4.67.

Thesis Gold Price Performance

The company has a 50 day moving average of C$3.42 and a 200 day moving average of C$3.24. The firm has a market cap of C$847.34 million, a price-to-earnings ratio of -96.00 and a beta of 2.79.