Shore Capital reaffirmed their not rated rating on shares of Horizonte Minerals (LON:HZM) in a report issued on Monday morning, Digital Look reports.

Separately, Numis Securities reissued a buy rating and set a GBX 680 ($8.89) target price on shares of in a research note on Tuesday, June 4th.

LON:HZM opened at GBX 2.40 ($0.03) on Monday. The stock has a fifty day simple moving average of GBX 1.85. Horizonte Minerals has a 52 week low of GBX 1.66 ($0.02) and a 52 week high of GBX 4.37 ($0.06). The firm has a market capitalization of $34.64 million and a P/E ratio of -23.95.

About Horizonte Minerals

Horizonte Minerals Plc, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of nickel mineral projects in Brazil. The company owns interest in the Araguaia nickel project, a nickel laterite project located to the south of the Carajàs mineral district in northern Brazil; and the Vermelho nickel-cobalt project located in the Carajás mineral district of northern Brazil.

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