Hummingbird Resources (LON:HUM) Now Covered by Berenberg Bank

Equities research analysts at Berenberg Bank started coverage on shares of Hummingbird Resources (LON:HUM) in a report released on Friday, September 20th, Digital Look reports. The brokerage set a “buy” rating and a GBX 35 ($0.46) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 45.83% from the stock’s previous close.

Separately, Canaccord Genuity restated a “buy” rating and set a GBX 47 ($0.61) price target on shares of Hummingbird Resources in a research report on Monday, September 9th.

Shares of LON HUM opened at GBX 24 ($0.31) on Friday. The stock has a market cap of $84.89 million and a price-to-earnings ratio of -4.90. Hummingbird Resources has a 1-year low of GBX 12.48 ($0.16) and a 1-year high of GBX 29.49 ($0.39). The stock’s 50-day moving average is GBX 24.09 and its 200 day moving average is GBX 19.67. The company has a current ratio of 0.37, a quick ratio of 0.19 and a debt-to-equity ratio of 68.62.

About Hummingbird Resources

Hummingbird Resources plc engages in the exploration, evaluation, and development of mineral exploration properties in West Africa. It primarily explores for gold ores. The company primarily holds interests in the Dugbe 1 project located in the Liberia; and Yanfolila gold project located in Mali. The company was founded in 2005 and is Headquartered in West Midlands, the United Kingdom.

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