Blue Moon Metals (CVE:MOON) Given a C$15.00 Price Target by Haywood Capital Analysts

Key Points

• Haywood Capital set a C$15.00 price target and a "buy" rating on Blue Moon Metals, implying about a 36% upside; Scotiabank also raised its target to C$7.50 and the consensus analyst target is C$11.25 with two Buy ratings.
• The stock traded down 5% to C$11.01 on higher-than-average volume, valuing the company at roughly C$890M; Blue Moon is an exploration-stage miner focused on zinc, copper, silver and gold and currently posts a negative P/E (‑23.93).

Blue Moon Metals (CVE:MOON - Get Free Report) has been given a C$15.00 price objective by stock analysts at Haywood Capital in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Haywood Capital's price target points to a potential upside of 36.24% from the company's previous close.

Separately, Scotiabank upped their price objective on shares of Blue Moon Metals from C$6.00 to C$7.50 in a report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$11.25.

Blue Moon Metals Trading Down 5.0%

Blue Moon Metals stock traded down C$0.58 during trading hours on Friday, reaching C$11.01. The company had a trading volume of 349,722 shares, compared to its average volume of 206,351. The company has a 50-day moving average price of C$7.05 and a 200 day moving average price of C$5.25. Blue Moon Metals has a 12-month low of C$2.70 and a 12-month high of C$11.80. The firm has a market cap of C$890.08 million, a price-to-earnings ratio of -23.93 and a beta of 0.77. The company has a debt-to-equity ratio of 10.12, a current ratio of 3.53 and a quick ratio of 0.50.

Blue Moon Metals Company Profile

Blue Moon Metals Inc, an exploration stage company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company primarily explores for zinc, copper, silver, and gold deposits. It primarily holds 100% interests in the Blue Moon zinc property that comprises patented and unpatented lode mineral claims totaling 445 acres in Mariposa County, California; and Yava base metals property, which includes two mineral leases totaling 1,280 hectares located in Nunavut.

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