Key Points
- Insider sale: Nicholas Van Dyk sold 300,000 NorthIsle Copper and Gold shares at an average price of C$4.49, generating C$1.347 million. The transaction reduced his holdings by 23.43% to 980,145 shares.
- Stock performance: NCX opened at C$4.34, down 2.5%, but remained near its one-year high of C$4.74. The company has a C$1.45 billion market capitalization and strong liquidity ratios.
- Analyst outlook: Analysts maintain a bullish view, with one Strong Buy and two Buy ratings. The consensus price target is C$6.25, above the reported trading price.
NorthIsle Copper and Gold Inc. (CVE:NCX - Get Free Report) insider Nicholas Van Dyk sold 300,000 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$4.49, for a total value of C$1,347,000.00. Following the sale, the insider owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This trade represents a 23.43% decrease in their ownership of the stock.
NorthIsle Copper and Gold Stock Down 2.5%
Shares of CVE NCX opened at C$4.34 on Friday. The company has a 50 day simple moving average of C$3.56 and a 200 day simple moving average of C$3.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 28.85 and a quick ratio of 65.21. NorthIsle Copper and Gold Inc. has a 1 year low of C$1.30 and a 1 year high of C$4.74. The firm has a market cap of C$1.45 billion, a PE ratio of -54.25 and a beta of 1.75.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on NCX shares. Ventum Financial upgraded NorthIsle Copper and Gold to a "strong-buy" rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the company an "outperform" rating in a research report on Friday, August 21st. Finally, Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the stock a "buy" rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$6.25.
View Our Latest Research Report on NCX
NorthIsle Copper and Gold Company Profile
(
Get Free Report)
NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.
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