Stifel Nicolaus Analysts Give Cabral Gold (CVE:CBR) a C$1.70 Price Target

Stifel Nicolaus set a C$1.70 price objective on Cabral Gold (CVE:CBR) in a research report sent to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Cabral Gold Stock Performance

Shares of CVE CBR opened at C$1.44 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.36 and a current ratio of 4.82. The stock has a 50 day moving average price of C$1.12 and a 200 day moving average price of C$0.99. The stock has a market capitalization of C$439.80 million, a PE ratio of -28.80 and a beta of 2.69. Cabral Gold has a 52 week low of C$0.38 and a 52 week high of C$1.57.

Insider Activity at Cabral Gold

In other news, Director Alan Carter sold 180,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of C$1.01, for a total value of C$181,800.00. Following the completion of the sale, the director owned 13,137,408 shares of the company’s stock, valued at approximately C$13,268,782.08. This represents a 1.35% decrease in their position. Insiders own 6.87% of the company’s stock.

About Cabral Gold

Cabral Gold Inc operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil. Cabral Gold Inc was formerly known as San Angelo Oil Limited. The company is based in Vancouver, Canada.