Mosaic Capital (M) Receives a Hold from Desjardins


On May 15, an analyst has provided a rating update for the Utilities sector company, Mosaic Capital (M). On May 15, analyst Gary Ho gave a Hold rating to M and set a C$6.25 price target.

According to TipRanks.com, Ho is a 3-star analyst with an average return of 3.3% and a 56.9% success rate. Ho covers the Financial sector, focusing on stocks such as Alaris Royalty Corp, IGM Financial, and Sprott Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mosaic Capital with a C$6.88 average price target.

Based on Mosaic Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$1.7 million. In comparison, last year the company earned revenue of C$68 million and had a net profit of C$8.19 million.

Mosaic Capital Corp. is an investment company, which engages in acquiring and investing in businesses across a range of industries and geographies. It operates through the following segments: Infrastructure, Diversified, Energy, Real Estate, and Corporate.

The company’s shares closed on Thursday at C$6.20, close to its 52-week high of C$6.37.

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