NorthIsle Copper and Gold (CVE:NCX) PT Set at C$7.00 by Canadian Imperial Bank of Commerce

NorthIsle Copper and Gold (CVE:NCX) received a C$7.00 price target from analysts at Canadian Imperial Bank of Commerce in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 76.32% from the company’s current price.

NCX has been the subject of a number of other reports. Ventum Financial upgraded NorthIsle Copper and Gold to a “strong-buy” rating in a research report on Thursday, May 28th. Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$6.25.

NorthIsle Copper and Gold Price Performance

Shares of NorthIsle Copper and Gold stock traded up C$0.17 during trading on Friday, reaching C$3.97. 560,004 shares of the stock traded hands, compared to its average volume of 620,046. NorthIsle Copper and Gold has a 52-week low of C$1.13 and a 52-week high of C$4.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 53.53 and a quick ratio of 65.21. The business has a fifty day simple moving average of C$3.22 and a two-hundred day simple moving average of C$3.06. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -56.71 and a beta of 1.69.

About NorthIsle Copper and Gold

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.