Scotiabank reiterated their outperform rating on shares of Mandalay Resources Corp. (TSE:MND) in a research note published on Thursday morning. Scotiabank currently has a C$1.45 price objective on the stock.

MND has been the topic of several other research reports. Raymond James Financial Inc. boosted their price objective on shares of Mandalay Resources Corp. from C$1.25 to C$1.40 in a report on Monday, June 27th. Desjardins dropped their price objective on shares of Mandalay Resources Corp. from C$1.95 to C$1.70 in a report on Tuesday, August 16th.

Mandalay Resources Corp. (TSE:MND) traded down 1.00% on Thursday, hitting $0.99. 43,304 shares of the company were exchanged. The stock has a 50 day moving average price of $1.04 and a 200 day moving average price of $1.07. Mandalay Resources Corp. has a one year low of $0.59 and a one year high of $1.35. The firm has a market cap of $446.18 million and a price-to-earnings ratio of 123.75.

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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