Thesis Gold (CVE:TAU) PT Set at C$6.00 by Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce set a C$6.00 price target and an "outperformer" rating on Thesis Gold, implying a potential upside of about 73.91% from the current price.
• Clarus Securities upgraded the stock to a "strong-buy"; overall analyst consensus is "Strong Buy" with an average price target of C$4.50.
• Shares traded up 6.8% to C$3.45 on heavy volume (1.17M) with a market cap of about C$956 million, a 52-week range of C$0.90–C$3.69, and elevated short-term momentum versus its moving averages.

Thesis Gold (CVE:TAU - Get Free Report) has been assigned a C$6.00 price objective by equities research analysts at Canadian Imperial Bank of Commerce in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperformer" rating on the stock. Canadian Imperial Bank of Commerce's target price would indicate a potential upside of 73.91% from the stock's current price.

Separately, Clarus Securities upgraded shares of Thesis Gold to a "strong-buy" rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Strong Buy" and an average price target of C$4.50.

Thesis Gold Trading Up 6.8%

Shares of CVE TAU traded up C$0.22 during mid-day trading on Wednesday, reaching C$3.45. The company had a trading volume of 1,171,088 shares, compared to its average volume of 538,172. The business's 50-day moving average is C$3.25 and its 200-day moving average is C$2.60. The stock has a market cap of C$956.01 million, a price-to-earnings ratio of -115.00 and a beta of 2.32. Thesis Gold has a 52 week low of C$0.90 and a 52 week high of C$3.69.

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