November 30, 2016 - By Linda Rogers
London: In a note revealed to investors and clients on Wednesday morning, finnCap maintained their Corporate rating on shares of Horizonte Minerals PLC (LON:HZM). They currently have a GBX 8.00 target price on the company. finnCap’s target would indicate a potential upside of 233.33% from the company’s last stock close price.
Out of 2 analysts covering Horizonte Minerals PLC (LON:HZM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 44 is the highest target while GBX 8 is the lowest. The GBX 8 average target is 240.43% above today’s (GBX 2.35) stock price. Horizonte Minerals PLC has been the topic of 19 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Corporate” rating on Tuesday, March 15 by FinnCap. FinnCap maintained it with “Corporate” rating and GBX 15 target price in Wednesday, June 15 report. FinnCap maintained the shares of HZM in a report on Wednesday, June 8 with “Corporate” rating. The stock of Horizonte Minerals Plc (LON:HZM) earned “Corporate” rating by FinnCap on Monday, October 3. The rating was maintained by FinnCap on Tuesday, December 1 with “Corporate”. FinnCap maintained Horizonte Minerals Plc (LON:HZM) rating on Friday, August 14. FinnCap has “Corporate” rating and GBX 44 price target. The rating was maintained by FinnCap with “Corporate” on Tuesday, November 1. The stock of Horizonte Minerals Plc (LON:HZM) earned “Corporate” rating by FinnCap on Tuesday, August 9. The firm has “Speculative Buy” rating given on Tuesday, September 15 by Beaufort Securities. As per Wednesday, March 16, the company rating was maintained by Beaufort Securities.
About 62,828 shares traded hands. Horizonte Minerals Plc (LON:HZM) has risen 1.05% since April 29, 2016 and is uptrending. It has underperformed by 4.17% the S&P500.
Horizonte Minerals PLC is a United Kingdom nickel development company. The company has a market cap of 17.70 million GBP. The Firm owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. It currently has negative earnings. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares.
More recent Horizonte Minerals Plc (LON:HZM) news were published by: Juniorminingnetwork.com which released: “Horizonte Minerals Plc: Result of General Meeting and Total Voting Rights …” on November 29, 2016. Also Juniorminingnetwork.com published the news titled: “Horizonte Minerals Plc: Proposed Placing of Ordinary Shares to Raise £9.0 …” on November 01, 2016. Marketwired.com‘s news article titled: “Horizonte Minerals Financial Results and Management’s Discussion and Analysis …” with publication date: November 14, 2016 was also an interesting one.
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By Linda Rogers