Thor Explorations' (THX) "Buy" Rating Reiterated at Shore Capital Group

Key Points

• Analysts including Shore Capital and Canaccord Genuity have reiterated a Buy rating on Thor Explorations, with Canaccord setting a price objective of GBX 140 and the consensus target at GBX 140.
• The stock opened at GBX 80, trades near its 50-day average, has a 12-month range of GBX 28–101, a market cap of £533.26 million and a low P/E of 3.25.
• Insider Adrian J. G. Coates sold 39,700 shares at GBX 83 on Feb. 16, and insiders collectively own 12.62% of the company.

Thor Explorations (LON:THX - Get Free Report)'s stock had its "buy" rating reissued by analysts at Shore Capital Group in a research note issued on Monday,Digital Look reports.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 140 price objective on shares of Thor Explorations in a report on Thursday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 140.

Thor Explorations Stock Down 0.9%

Shares of THX opened at GBX 80 on Monday. The company has a 50 day moving average of GBX 80.04 and a two-hundred day moving average of GBX 73.28. Thor Explorations has a twelve month low of GBX 28 and a twelve month high of GBX 101. The company has a market cap of £533.26 million, a price-to-earnings ratio of 3.25 and a beta of 1.84.

Insider Activity at Thor Explorations

In other news, insider Adrian J. G. Coates sold 39,700 shares of Thor Explorations stock in a transaction that occurred on Monday, February 16th. The shares were sold at an average price of GBX 83, for a total transaction of £32,951. 12.62% of the stock is owned by insiders.

About Thor Explorations

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange AIM: THX and the TSX Venture Exchange TSX-V: THX.

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