PI Global Investments

Moneta Gold (TSE:ME) Now Covered by Industrial Alliance Securities

Industrial Alliance Securities initiated coverage on shares of Moneta Gold (TSE:MEGet Rating) in a research report sent to investors on Thursday morning. The brokerage issued a buy rating and a C$4.70 price objective on the stock.

Separately, Stifel Nicolaus upped their price target on shares of Moneta Gold from C$5.60 to C$5.75 in a report on Wednesday, April 27th.

Shares of TSE:ME opened at C$1.59 on Thursday. The company has a market cap of C$151.08 million and a price-to-earnings ratio of -12.93. The firm’s 50-day simple moving average is C$2.08 and its 200-day simple moving average is C$2.15. The company has a quick ratio of 8.41, a current ratio of 8.53 and a debt-to-equity ratio of 0.10. Moneta Gold has a fifty-two week low of C$1.55 and a fifty-two week high of C$2.97.

Moneta Gold (TSE:MEGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported C$0.01 EPS for the quarter.

Moneta Gold Company Profile (Get Rating)

Moneta Gold Inc operates as a resource exploration company in Canada. The company explores for gold deposits. Its flagship project is the Tower gold project located to the east of Timmins. The company was formerly known as Moneta Porcupine Mines Inc and changed its name to Moneta Gold Inc in August 2021.

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