General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Wednesday.
GMO has been the topic of several other research reports. ValuEngine upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of General Moly from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Thursday.
General Moly (GMO) traded up 0.6911% during midday trading on Wednesday, reaching $0.3934. The company had a trading volume of 42,889 shares. The company’s market capitalization is $43.73 million. General Moly has a 52-week low of $0.21 and a 52-week high of $0.72. The company’s 50 day moving average is $0.41 and its 200-day moving average is $0.42.
General Moly (NYSEMKT:GMO) (TSE:GMO) last released its quarterly earnings data on Monday, August 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Equities analysts expect that General Moly will post ($0.08) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in General Moly stock. Bank of America Corp DE boosted its stake in shares of General Moly, Inc. (NYSEMKT:GMO) (TSE:GMO) by 7,900.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,029 shares of the basic materials company’s stock after buying an additional 276,529 shares during the period. Bank of America Corp DE owned approximately 0.25% of General Moly worth $140,000 at the end of the most recent reporting period.
General Moly Company Profile
General Moly, Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum. The Company, through its subsidiary, Eureka Moly, LLC, holds interest in the Mt. Hope Project, a molybdenum property, located in Eureka County, Nevada. The Mt. Hope Project contains molybdenum reserves totaling approximately 1.4 billion pounds of which 1.2 billion pounds are estimated to be recoverable.
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