NorthIsle Copper and Gold (CVE:NCX) Sets New 1-Year High – Should You Buy?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares hit a new 52-week high during trading on Monday . The company traded as high as C$4.61 and last traded at C$4.58, with a volume of 194400 shares trading hands. The stock had previously closed at C$4.24.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Ventum Capital set a C$5.50 target price on shares of NorthIsle Copper and Gold and gave the company a “buy” rating in a research note on Thursday, May 28th. Ventum Financial upgraded NorthIsle Copper and Gold to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a C$7.00 price target on NorthIsle Copper and Gold and gave the company an “outperform” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$6.25.

NorthIsle Copper and Gold Price Performance

The stock has a market cap of C$1.46 billion, a price-to-earnings ratio of -54.75 and a beta of 1.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 28.85 and a quick ratio of 65.21. The stock’s 50 day simple moving average is C$3.45 and its two-hundred day simple moving average is C$3.13.

NorthIsle Copper and Gold Company Profile

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.