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Medicus Pharma (NASDAQ:MDCX) Given New $27.00 Price Target at D. Boral Capital

Medicus Pharma logo with Medical background

Medicus Pharma (NASDAQ:MDCX - Free Report) had its price target raised by D. Boral Capital from $14.00 to $27.00 in a research report sent to investors on Monday,Benzinga reports. D. Boral Capital currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on MDCX. D Boral Capital raised shares of Medicus Pharma to a "strong-buy" rating in a report on Monday, April 14th. Maxim Group increased their price target on shares of Medicus Pharma from $10.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Read Our Latest Analysis on MDCX

Medicus Pharma Trading Up 13.1%

Medicus Pharma stock traded up $0.78 during mid-day trading on Monday, reaching $6.73. The company had a trading volume of 310,901 shares, compared to its average volume of 65,954. Medicus Pharma has a 1 year low of $1.80 and a 1 year high of $7.00. The business's 50-day simple moving average is $3.94.

Medicus Pharma (NASDAQ:MDCX - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). On average, sell-side analysts forecast that Medicus Pharma will post -1.14 EPS for the current fiscal year.

Institutional Trading of Medicus Pharma

Several large investors have recently modified their holdings of the business. Armistice Capital LLC acquired a new stake in shares of Medicus Pharma in the first quarter valued at approximately $4,710,000. Private Advisor Group LLC acquired a new stake in Medicus Pharma during the first quarter worth approximately $211,000. Finally, Interchange Capital Partners LLC boosted its position in Medicus Pharma by 14.0% during the first quarter. Interchange Capital Partners LLC now owns 1,661,871 shares of the company's stock worth $6,182,000 after acquiring an additional 204,706 shares during the last quarter.

Medicus Pharma Company Profile

(Get Free Report)

Medicus Pharma Ltd is a biotech/life sciences company focused on accelerating the clinical development programs of novel and disruptive therapeutics assets. Medicus Pharma Ltd is based in Toronto, Ontario.

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