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Horizonte Minerals PLC (LON:HZM) target price lowered to 12.00GBX, issued a report today by finnCap

Horizonte Minerals PLC (LON:HZM) had its target price lowered to 12.00GBX by finnCap in a report released 10/3/2016. The new target price indicates a possible upside of 5.32% based on the company's last stock close price.

Previously on 09/15/2016, finnCap reported about Horizonte Minerals PLC (LON:HZM) held steady the target price at 15.00GBX. At the time, this indicated a possible upside of 5.67%.

Yesterday Horizonte Minerals PLC (LON:HZM) traded 0.00% even at 1.90GBX. The company’s 50-day moving average is 2.15GBX and its 200-day moving average is 2.14GBX. The last stock close price is down -6.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 360,111 shares of the stock were exchanged, down from an average trading volume of 704,402

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Horizonte Minerals PLC (LON:HZM)

Horizonte Minerals PLC has a 52 week low of 1.40GBX and a 52 week high of 3.00GBX Horizonte Minerals PLC’s market capitalization is currently 0 GBX.

In addition to finnCap reporting its stock price target, a total of 2 brokers have issued a research note on the company. The average stock price target is 11.57GBX with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Horizonte Minerals PLC (LON:HZM)

Horizonte Minerals PLC is a United Kingdom-based nickel development company. The Company owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares. The Company has completed diamond drilling of approximately 45,420 meters. Its fourth phase program was designed to complete infill drilling on the grids on the Pequizeiro and Jacutinga deposits of the Araguaia nickel project. Its metallurgical test program includes a series of laboratory tests designed to establish the suitability of the ore for rotary kiln processing; smelting testing; work on agglomeration, and testing for rotary kiln operation and smelting conditions, including a range of physical and chemical laboratory tests. It has started an integrated pilot plant-testing program at Morro Azul RKEF pilot plant test work facility in Minas Gerais, Brazil.

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