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Raymond James disclosed Mandalay Resources Corp (TSE:MND), bumping down its price target to $1.35 earlier today

Only yesterday Mandalay Resources Corp (TSE:MND) traded -0.93% lower at $1.07. The company’s 50-day moving average is $1.11 and its two hundred day average is $1.06. With the last stock price up 0.88% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 276,881 shares of MND changing hands under the typical 445,832

Stating as potential upside of 0.26%, Raymond James lowered the target price of Mandalay Resources Corp (TSE:MND) to $1.35

Previously on 9/13/2016, Scotia Capital reported on Mandalay Resources Corp (TSE:MND) increased the target price from $0.00 to $1.45. At the time, this indicated a possible upside of 0.37%.

Recent Performance Chart

Mandalay Resources Corp (TSE:MND)

Mandalay Resources Corp has 52 week low of $0.59 and a 52 week high of $1.35 with a PE ratio of 133.75 and has a market capitalization of $0.

A total of 5 equity analysts have released a research note on MND. zero equity analysts rating the company a strong buy, five equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $1.27.

More About Mandalay Resources Corp (TSE:MND)

Mandalay Resources Corporation is a Canada-based mining company. The Company is engaged in the business of exploration, development and mining of natural resource properties. It holds interest in properties, such as Costerfield, Australia; Cerro Bayo, Chile, and Bjorkdal, Sweden. The Company also focuses on the undergoing mineral exploration and water supply development. It is engaged in developing new exploration projects based on surface mapping, sampling and geophysics. In addition, the Company owns and develops Challacollo, which is a silver-gold project located in Region I (Tarapaca) of Chile, approximately 130 kilometers southeast of the port city of Iquique. Its Cerro Bayo is a producer of silver (Ag) and gold (Au), located in the Cerro Bayo district, Region XI, Chile. Its Bjorkdal project is a gold mine located in northern Sweden. Its Costerfield is a gold-antimony mine, located approximately 100 kilometers northwest of Melbourne, Victoria.

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