Stockdale Securities Lowers Scotgold Resources (SGZ) Price Target to GBX 110

Scotgold Resources (LON:SGZ) had its price target cut by analysts at Stockdale Securities from GBX 115 ($1.54) to GBX 110 ($1.47) in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Stockdale Securities’ price objective indicates a potential upside of 348.98% from the company’s previous close.

Scotgold Resources (LON SGZ) opened at GBX 24.50 ($0.33) on Thursday. Scotgold Resources has a 1-year low of GBX 20 ($0.27) and a 1-year high of GBX 63.26 ($0.85).

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Scotgold Resources Company Profile

Scotgold Resources Limited is engaged in the advancement of the Cononish Gold and Silver Project in Scotland’s Grampian Highlands to a production decision. The Company is engaged in the exploration of the tenements comprising the Grampian Gold Project with the view of identifying further project opportunities.

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