Romarco Minerals Price Target Increased to C$1.00 by Analysts at National Bank Financial (R)

Research analysts at National Bank Financialincreased their price target on shares of Romarco Minerals (TSE:R) from C$0.85 to C$1.00 in a report released on Monday. National Bank Financial’s price objective points to a potential upside of 16.28% from the company’s current price.

A number of other analysts have also recently weighed in on R. Analysts at Paradigm Capital raised their price target on shares of Romarco Minerals from C$0.75 to C$0.95 in a research note on Thursday, March 20th. They now have a “speculative buy” rating on the stock. Analysts at BMO Capital Markets raised their price target on shares of Romarco Minerals from C$0.50 to C$0.90 in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$1.17.

Romarco Minerals traded up 1.16% during mid-day trading on Monday, hitting $0.87. The stock had a trading volume of 126,098 shares. Romarco Minerals has a 52 week low of $0.31 and a 52 week high of $0.93. The stock has a 50-day moving average of $0.74 and a 200-day moving average of $0.54. The company’s market cap is $572.2 million.

Romarco Minerals Inc is an exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties.