NorthIsle Copper and Gold (CVE:NCX) Given a C$7.00 Price Target by Canadian Imperial Bank of Commerce Analysts

NorthIsle Copper and Gold (CVE:NCX) has been assigned a C$7.00 target price by research analysts at Canadian Imperial Bank of Commerce in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 76.32% from the stock’s previous close.

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

NorthIsle Copper and Gold Price Performance

CVE:NCX traded up C$0.17 during trading hours on Friday, hitting C$3.97. 560,004 shares of the stock traded hands, compared to its average volume of 620,046. The company has a quick ratio of 65.21, a current ratio of 53.53 and a debt-to-equity ratio of 0.27. NorthIsle Copper and Gold has a 1 year low of C$1.13 and a 1 year high of C$4.08. The company has a market cap of C$1.32 billion, a price-to-earnings ratio of -56.71 and a beta of 1.69. The stock has a 50 day moving average price of C$3.22 and a 200 day moving average price of C$3.06.

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.