Global Atomic (TSE:GLO) Price Target Lowered to C$2.75 at Canaccord Genuity Group

Global Atomic (TSE:GLO) had its price target lowered by equities researchers at Canaccord Genuity Group from C$3.00 to C$2.75 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 89.66% from the company’s current price.

Separately, Cormark downgraded Global Atomic from a “market perform” rating to a “reduce” rating and dropped their price objective for the company from C$1.50 to C$1.00 in a research note on Wednesday, August 14th.

Global Atomic Stock Performance

GLO stock opened at C$1.45 on Tuesday. The company has a market capitalization of C$328.98 million, a price-to-earnings ratio of -30.00 and a beta of 1.37. The firm has a 50 day simple moving average of C$1.36. Global Atomic has a 12-month low of C$1.13 and a 12-month high of C$3.91.

Global Atomic (TSE:GLO) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.01 EPS for the quarter. Global Atomic had a negative return on equity of 1.06% and a negative net margin of 182.98%. The business had revenue of C$0.31 million for the quarter.

Insiders Place Their Bets

In other Global Atomic news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$1.37, for a total transaction of C$60,828.00. Company insiders own 10.27% of the company’s stock.

Global Atomic Company Profile

Global Atomic Corporation engages in the acquisition, exploration, and development of uranium properties in Niger. It also explores for zinc. The company owns 80% interest in the Dasa deposit located in the Republic of Niger. It also processes electric arc furnace dust into zinc concentrates, which is sold to zinc smelters.