Meridian Mining UK Societas (TSE:MNO) Rating Increased to Strong-Buy at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Meridian Mining UK Societas (TSE:MNO) to a Strong-Buy, Scotiabank made the same upgrade, and three analysts now give the stock a consensus Strong Buy rating.
• The stock opened at C$1.81 with a market cap of C$759.22 million, a negative PE of -36.20, and a 1-year range of C$0.61–C$2.05, pointing to volatility and current unprofitability.
• Meridian is focused on development and exploration of the Cabacal VMS gold‑copper project and related targets (Santa Helena, Jauru, Araputanga) in Mato Grosso, Brazil.

Meridian Mining UK Societas (TSE:MNO - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Scotiabank raised Meridian Mining UK Societas to a "strong-buy" rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of "Strong Buy".

Meridian Mining UK Societas Price Performance

TSE MNO opened at C$1.81 on Thursday. The stock has a market capitalization of C$759.22 million, a PE ratio of -36.20 and a beta of 1.81. The business has a 50 day simple moving average of C$1.76 and a two-hundred day simple moving average of C$1.56. Meridian Mining UK Societas has a 1-year low of C$0.61 and a 1-year high of C$2.05.

Meridian Mining UK Societas Company Profile

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.

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