Hummingbird Resources (LON:HUM) Price Target Lowered to GBX 9 at Berenberg Bank

Hummingbird Resources (LON:HUM – Get Rating) had its price objective lowered by Berenberg Bank from GBX 12 ($0.15) to GBX 9 ($0.11) in a research note published on Monday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

Separately, Canaccord Genuity Group restated a hold rating and set a GBX 15 ($0.18) target price on shares of Hummingbird Resources in a research report on Tuesday, April 26th.

Hummingbird Resources Price Performance

Shares of LON HUM opened at GBX 8.38 ($0.10) on Monday. The stock has a fifty day simple moving average of GBX 10.88 and a two-hundred day simple moving average of GBX 13.03. Hummingbird Resources has a 1-year low of GBX 8.03 ($0.10) and a 1-year high of GBX 23 ($0.28). The firm has a market cap of £32.98 million and a price-to-earnings ratio of -3.65. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 64.05.

About Hummingbird Resources

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Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properties in West Africa. The company primarily explores for gold ores. It principally holds interests in the Yanfolila gold mine located in Mali; the Kouroussa gold project located in Guinea; and the Dugbe gold project located in Liberia.

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