Market Rating: Cantor Fitzgerald Keeps a Buy Rating on Mundoro Capital Inc (TSE:MUN) and $0.64 Target

November 28, 2016 - By Ellis Scott

Mundoro Capital Inc (TSE:MUN) Rating

Toronto: In a research report revealed to clients and investors on Monday, 28 November, Cantor Fitzgerald kept their Buy rating on shares of Mundoro Capital Inc (TSE:MUN). They currently have a $0.64 target on the firm. Cantor Fitzgerald’s target indicates a potential downside of -31.18% from the company’s current price.

It is down 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Mundoro Capital Inc. is a Canada-based exploration, development and investment firm in the mineral resource sector. The company has a market cap of $35.66 million. The Company’s exploration activity focuses on the Tethyan Belt of Serbia and Bulgaria in Southeastern Europe, and in Mexico. It currently has negative earnings. The Company’ geographic divisions include the Mexico exploration program , the Serbian and Bulgarian exploration programs (Europe), and corporate administrative functions in Canada.

More notable recent Mundoro Capital Inc. (TSE:MUN) news were published by: Marketwired.com which released: “Mundoro Commences Drill Program on Chuka Copper and Gold Porphyry in Bulgaria” on October 17, 2016, also Marketwired.com with their article: “Mundoro Completes Drilling on Mundoro-Jogmec Timok North Projects” published on October 24, 2016, Business.Financialpost.com published: “Telephone use in proxy fights needs refining” on October 03, 2012. More interesting news about Mundoro Capital Inc. (TSE:MUN) were released by: Theglobeandmail.com and their article: “Chanos calls China syndrome” published on September 29, 2011 as well as Mondaq.com‘s news article titled: “”Placeholder Candidates”: An Untested Response To Advance Notice Provisions” with publication date: September 27, 2016.

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