Romarco Minerals Given New C$0.95 Price Target at Paradigm Capital (R)

Posted by Scott Davis on Mar 21st, 2014

Romarco Minerals (TSE:R) had its price target increased by Paradigm Capital from C$0.75 to C$0.95 in a research report sent to investors on Thursday morning. The firm currently has a speculative buy rating on the stock.

Separately, analysts at BMO Capital Markets raised their price target on shares of Romarco Minerals from C$0.50 to C$0.90 in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Romarco Minerals has a consensus rating of Buy and a consensus price target of C$1.32.

Shares of Romarco Minerals (TSE:R) traded up 1.35% on Thursday, hitting $0.75. The stock had a trading volume of 1,037,686 shares. Romarco Minerals has a 52-week low of $0.305 and a 52-week high of $0.93. The stock’s 50-day moving average is $0.69 and its 200-day moving average is $0.49. The company’s market cap is $493.2 million.

Romarco Minerals Inc (TSE:R) is an exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties.