Roxgold Inc (TSE:ROG) Rating Cut

Raymond James cut Roxgold Inc (TSE:ROG)’s stock to Outperform rating from Strong Buy. The ratings change was sent to investors in a research note today. The firm from today has $1.70 PT on the stock.

This stock rating downgrade was most probably noticed by equity trades, as TSE:ROG is at the moment trading -3.68% lower at $60.25 as of 13:04 New York time. Roxgold Inc shares have declined -9.31% over the last 200 days, while the S&P 500 has dropped -1.99% over the same time period.

Roxgold Inc (TSE:ROG) Profile

Rogers Corporation designs, develops, manufactures and sells engineered materials and components for applications, such as communications infrastructure, automotive, consumer electronics and aerospace or defense. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. Its ACS segment offers circuit materials, including printed circuit board laminate products under various trade names, such as COOLSPAN and TMM.

Roxgold Inc (TSE:ROG) traded down -3.68% on 17 May, hitting $60.25. A total of 156,744 shares of the company’s stock traded hands. This is up from average of 110,529 shares. Roxgold Inc has a 52 week low of $41.92 and a 52 week high of $73.75. The company has a market cap of $1.11 billion and a P/E ratio of 23.45.

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The post Roxgold Inc (TSE:ROG) Losses Strong Buy Rating from Raymond James for Outperform Rating Keeping $1.70 TP appeared first on Octafinance.