Scotiabank Reaffirms “Outperform” Rating for Mandalay Resources Corp. (MND)

Scotiabank reaffirmed their outperform rating on shares of Mandalay Resources Corp. (TSE:MND) in a research report released on Thursday morning. They currently have a C$1.45 price target on the stock.

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial Inc. increased their price objective on shares of Mandalay Resources Corp. from C$1.25 to C$1.40 in a research report on Monday, June 27th. Desjardins cut their price objective on shares of Mandalay Resources Corp. from C$1.95 to C$1.70 in a research report on Tuesday, August 16th.

Shares of Mandalay Resources Corp. (TSE:MND) opened at 1.01 on Thursday. Mandalay Resources Corp. has a one year low of $0.59 and a one year high of $1.35. The stock’s 50 day moving average price is $1.04 and its 200-day moving average price is $1.07. The company has a market cap of $455.19 million and a PE ratio of 126.25.

Mandalay Resources Corp. Company Profile

Mandalay Resources Corporation is a Canada-based mining company. The Company is engaged in the business of exploration, development and mining of natural resource properties. It holds interest in properties, such as Costerfield, Australia; Cerro Bayo, Chile, and Bjorkdal, Sweden. The Company also focuses on the undergoing mineral exploration and water supply development.

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