Key Points
- Insider buying: Larry Childress purchased 107,000 Fireweed Metals shares at an average C$3.43 per share, investing C$367,010 and increasing his ownership to 23.93 million shares. He also bought 80,000 shares on August 11 and 100,000 shares on August 5.
- Stock performance: Fireweed shares opened at C$3.39, with a 52-week range of C$2.34 to C$5.15 and a market capitalization of approximately C$769 million.
- Analyst outlook: Analysts maintain a favorable view, with an average “Buy” rating and a C$5.25 price target; Raymond James set a C$6.50 target and rated the stock “Outperform.”
Fireweed Metals Corp. (CVE:FWZ - Get Free Report) insider Larry Childress bought 80,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of C$3.43 per share, with a total value of C$274,400.00. Following the purchase, the insider directly owned 24,010,026 shares of the company's stock, valued at approximately C$82,354,389.18. This trade represents a 0.33% increase in their position.
Larry Childress also recently made the following trade(s):
- On Monday, August 10th, Larry Childress purchased 107,000 shares of Fireweed Metals stock. The shares were bought at an average cost of C$3.43 per share, for a total transaction of C$367,010.00.
- On Wednesday, August 5th, Larry Childress purchased 100,000 shares of Fireweed Metals stock. The stock was bought at an average price of C$3.25 per share, for a total transaction of C$325,000.00.
Fireweed Metals Stock Down 0.9%
Shares of FWZ stock opened at C$3.39 on Wednesday. The stock's 50-day moving average price is C$3.33 and its 200 day moving average price is C$3.83. The stock has a market capitalization of C$769.39 million, a PE ratio of -15.41 and a beta of 1.62. Fireweed Metals Corp. has a 52-week low of C$2.34 and a 52-week high of C$5.15.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial set a C$6.50 target price on Fireweed Metals and gave the company an "outperform" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat, Fireweed Metals presently has an average rating of "Buy" and a consensus price target of C$5.25.
Read Our Latest Research Report on FWZ
About Fireweed Metals
(
Get Free Report)
Fireweed Metals Corp. engages in the acquisition and exploration of mineral assets in Canada. It explores for zinc, lead, and silver, as well as gallium and germanium deposits. The company owns an interest in the Macmillan Pass project located in Yukon, Canada; and the Gayna River project situated in Northwest Territories, Canada. It also has an option to acquire 100% interest in the Mactung Tungsten project that covers an area of 37.6 square kilometers located in Yukon and Northwest Territories, Canada.
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