Mandalay Resources Corp. (TSE:MND) had its target price decreased by research analysts at Raymond James Financial Inc. from C$1.35 to C$1.10 in a report issued on Wednesday. Raymond James Financial Inc.’s target price indicates a potential upside of 34.15% from the company’s current price.

Several other brokerages also recently issued reports on MND. Desjardins cut their price objective on Mandalay Resources Corp. from C$1.70 to C$1.50 in a research report on Thursday, October 20th. Scotiabank reiterated an “outperform” rating and issued a C$1.45 price objective on shares of Mandalay Resources Corp. in a research report on Friday, November 4th.

Mandalay Resources Corp. (TSE:MND) opened at 0.82 on Wednesday. The firm has a market cap of $369.96 million and a price-to-earnings ratio of 164.00. The company has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.07. Mandalay Resources Corp. has a 52-week low of $0.59 and a 52-week high of $1.27.

In other news, insider Gmt Capital Corp sold 116,500 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of C$0.69, for a total transaction of C$80,385.00.

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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