Laurentian set a C$1.20 target price on Galway Metals (CVE:GWM) in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Shares of Galway Metals stock opened at C$1.20 on Monday. Galway Metals has a 12-month low of C$0.27 and a 12-month high of C$1.20. The company has a market cap of $72.13 million and a price-to-earnings ratio of -21.43. The company’s 50-day moving average price is C$0.62 and its 200-day moving average price is C$0.41.
Galway Metals (CVE:GWM) last announced its quarterly earnings results on Monday, June 1st. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Galway Metals will post -0.04 EPS for the current year.
Galway Metals Inc engages in the acquisition, exploration, and development of mineral resource properties. It explores for zinc, gold, copper, silver, and lead. The company holds a 100% interest in the Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims 14,854 hectares in western Quebec, Canada.
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