Excellon Resources (TSE:EXN) was downgraded by analysts at Pi Financial from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a C$1.00 price target on the stock, down from their prior price target of C$1.50. Pi Financial’s price target points to a potential upside of 3.09% from the company’s current price.
Separately, Cormark lifted their price target on shares of Excellon Resources from C$1.20 to C$1.40 in a research report on Friday, March 15th.
Excellon Resources stock traded up C$0.03 during mid-day trading on Monday, hitting C$0.97. The company’s stock had a trading volume of 170,057 shares, compared to its average volume of 88,457. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.93. The firm has a market cap of $92.80 million and a price-to-earnings ratio of -42.61. Excellon Resources has a twelve month low of C$0.59 and a twelve month high of C$1.64.
About Excellon Resources
Excellon Resources Inc, a silver mining and exploration company, engages in the acquisition, exploration, development, and mining of mineral properties in Mexico and Canada. The company explores for silver-lead and silver-zinc concentrates. Its principal properties include the Platosa property covering a total area of approximately 20,947 hectares located in northeastern Durango State, Mexico; and the Miguel Auza property covering an area of 14,000 hectares situated in the northern Fresnillo silver trend in Zacatecas, Mexico.
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