NorthIsle Copper and Gold (CVE:NCX) Reaches New 52-Week High – Here’s Why

NorthIsle Copper and Gold Inc. (CVE:NCX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.17 and last traded at C$4.04, with a volume of 274035 shares. The stock had previously closed at C$3.80.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NCX. Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the company a “buy” rating in a research report on Thursday, May 28th. Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a C$7.00 target price on NorthIsle Copper and Gold and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$6.25.

NorthIsle Copper and Gold Stock Performance

The stock has a market capitalization of C$1.32 billion, a P/E ratio of -49.88 and a beta of 1.69. The stock has a 50 day moving average of C$3.24 and a 200 day moving average of C$3.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85.

NorthIsle Copper and Gold Company Profile

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.