Peel Hunt Trims Serabi Gold (LON:SRB) Target Price to GBX 130

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Serabi Gold (LON:SRB) had its price target trimmed by Peel Hunt from GBX 140 ($1.83) to GBX 130 ($1.70) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

Serabi Gold stock opened at GBX 61 ($0.80) on Wednesday. The company has a 50 day moving average of GBX 51.39. The company has a quick ratio of 0.61, a current ratio of 1.10 and a debt-to-equity ratio of 9.23. The company has a market capitalization of $35.94 million and a PE ratio of -8.24. Serabi Gold has a 12-month low of GBX 24 ($0.31) and a 12-month high of GBX 73.65 ($0.96).

About Serabi Gold

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.

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