RBC Capital Sticks to Their Hold Rating for Roxgold (ROGFF)


In a report issued on March 14, Wayne Lam from RBC Capital maintained a Hold rating on Roxgold (ROGFF), with a price target of C$2.00. The company’s shares closed last Tuesday at $1.32, close to its 52-week high of $1.48.

Lam has an average return of 9.1% when recommending Roxgold.

According to TipRanks.com, Lam is ranked #3529 out of 7379 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Roxgold with a $2.10 average price target.

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Based on Roxgold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $72.15 million and net profit of $7.86 million. In comparison, last year the company earned revenue of $60.21 million and had a net profit of $3.62 million.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is neutral on the stock.

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Roxgold, Inc. is an exploration and development company. It engages in the acquiring, exploring and evaluating mineral properties and gold projects. The company holds interest in Yaramoko and Solna Projects. Roxgold was founded on November 22, 1983 and is headquartered in Toronto, Canada.

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