DLD Asset Management LP Buys Shares of 100,000 Blue Moon Metals Inc. $BMM

DLD Asset Management LP acquired a new stake in shares of Blue Moon Metals Inc. (NASDAQ:BMM) during the second quarter, HoldingsChannel reports. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $639,000.

Separately, Deutsche Bank AG boosted its stake in shares of Blue Moon Metals by 41.3% during the 2nd quarter. Deutsche Bank AG now owns 953,102 shares of the company’s stock worth $6,090,000 after purchasing an additional 278,801 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Blue Moon Metals in a research report on Tuesday, June 16th. Finally, Maxim Group started coverage on shares of Blue Moon Metals in a research note on Friday, June 12th. They issued a “buy” rating and a $15.00 target price for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Blue Moon Metals currently has a consensus rating of “Hold” and an average price target of $15.00.

Blue Moon Metals Stock Performance

Shares of BMM stock opened at $5.51 on Monday. The business’s 50-day moving average is $5.83. Blue Moon Metals Inc. has a 1-year low of $2.20 and a 1-year high of $8.63.