Analyst Price Target is C$2.50
▼ -25.82% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Mandalay Resources in the last 3 months. The average price target is C$2.50, with a high forecast of C$2.50 and a low forecast of C$2.50. The average price target represents a -25.82% upside from the last price of C$3.37.
Current Consensus is
Buy
The current consensus among 1 polled investment analysts is to buy stock in Mandalay Resources. This Buy consensus rating has held steady for over two years.
Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden. It also holds a 100% interest in the Cerro Bayo silver-gold mine covering 29,495 ha of exploitation concessions and 45 hectares of exploration concessions located in the Cerro Bayo district, southern Chile. In addition, the company holds a 100% interest in the Challacollo silver-gold project, which includes 98 mining exploitation concessions covering an area of 20,378 ha located to the southeast of the port city of Iquique, Chile. Mandalay Resources Corporation was incorporated in 1997 and is headquartered in Toronto, Canada.
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