Canaccord Genuity Group Reiterates Speculative Buy Rating for Jubilee Metals Group (LON:JLP)

Jubilee Metals Group (LON:JLP)‘s stock had its “speculative buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 7 ($0.09) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 94.44% from the company’s current price.

Separately, Royal Bank of Canada decreased their target price on shares of Jubilee Metals Group from GBX 830 ($10.76) to GBX 770 ($9.98) and set an “outperform” rating on the stock in a research note on Tuesday, January 28th.

Jubilee Metals Group Stock Up 2.9 %

Shares of JLP opened at GBX 3.60 ($0.05) on Wednesday. Jubilee Metals Group has a one year low of GBX 3.26 ($0.04) and a one year high of GBX 8.90 ($0.12). The company has a market cap of £108.50 million, a P/E ratio of 17.27 and a beta of 1.47. The company has a debt-to-equity ratio of 12.28, a current ratio of 1.13 and a quick ratio of 1.15. The firm has a 50 day simple moving average of GBX 3.85 and a two-hundred day simple moving average of GBX 4.36.

Jubilee Metals Group Company Profile

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations.

Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, copper, lead, zinc, vanadium and cobalt.