General Moly’s (GMO) Buy Rating Reaffirmed at HC Wainwright
General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued on Wednesday.
A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of General Moly from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research report on Thursday. ValuEngine downgraded shares of General Moly from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.
Shares of General Moly (GMO) opened at 0.3907 on Wednesday. The stock’s market capitalization is $43.43 million. The stock’s 50 day moving average is $0.41 and its 200-day moving average is $0.42. General Moly has a one year low of $0.21 and a one year high of $0.72.
General Moly (NYSEMKT:GMO) (TSE:GMO) last posted its earnings results on Monday, August 14th. The basic materials company reported ($0.02) EPS for the quarter. On average, equities research analysts predict that General Moly will post ($0.08) EPS for the current fiscal year.
An institutional investor recently raised its position in General Moly stock. Bank of America Corp DE increased its position in shares of General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) by 7,900.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,029 shares of the basic materials company’s stock after buying an additional 276,529 shares during the period. Bank of America Corp DE owned 0.25% of General Moly worth $140,000 as of its most recent filing with the SEC.
General Moly Company Profile
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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