After Today’s Huge Increase, Is Horizonte Minerals Plc’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Horizonte Minerals Plc's Near Term Analysis Positive?

The stock of Horizonte Minerals Plc (LON:HZM) is a huge mover today! The stock increased 8.64% or GBX 0.17 on November 16, hitting GBX 2.2. About 904,168 shares traded hands or 23.70% up from the average. Horizonte Minerals Plc (LON:HZM) has declined 8.51% since April 18, 2016 and is downtrending. It has underperformed by 13.20% the S&P500.
The move comes after 5 months positive chart setup for the GBX 16.58 million company. It was reported on Nov, 16 by Barchart.com. We have GBX 4.47 PT which if reached, will make LON:HZM worth GBX 17.08 million more.

Horizonte Minerals Plc (LON:HZM) Ratings Coverage

Out of 2 analysts covering Horizonte Minerals PLC (LON:HZM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Horizonte Minerals PLC has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained Horizonte Minerals Plc (LON:HZM) on Monday, August 17 with “Speculative Buy” rating. As per Wednesday, June 8, the company rating was maintained by FinnCap. The company was maintained on Thursday, May 12 by Beaufort Securities. FinnCap maintained Horizonte Minerals Plc (LON:HZM) on Tuesday, December 1 with “Corporate” rating. The stock of Horizonte Minerals Plc (LON:HZM) earned “Corporate” rating by FinnCap on Tuesday, March 15. FinnCap maintained the shares of HZM in a report on Monday, September 14 with “Corporate” rating. The rating was maintained by Beaufort Securities on Wednesday, March 16 with “Speculative Buy”. As per Thursday, September 15, the company rating was maintained by FinnCap. As per Monday, March 21, the company rating was maintained by FinnCap. FinnCap maintained the shares of HZM in a report on Monday, October 3 with “Corporate” rating.

Another recent and important Horizonte Minerals Plc (LON:HZM) news was published by Fool.Co.Uk which published an article titled: “Are Horizonte Minerals Plc, Mytrah Energy Ltd And Lamprell Plc A ‘Buy …” on August 14, 2015.

Horizonte Minerals PLC is a United Kingdom nickel development company. The company has a market cap of 16.58 million GBP. The Firm owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. It currently has negative earnings. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares.

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