Peel Hunt Upgrades Serabi Mining (SRB) to “Buy”

Serabi Mining (LON:SRB) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a report issued on Wednesday. The firm presently has a GBX 8 ($0.11) price target on the stock. Peel Hunt’s price target suggests a potential upside of 128.57% from the stock’s current price.

Serabi Mining opened at GBX 3.50 ($0.05) on Wednesday, MarketBeat Ratings reports. Serabi Mining has a one year low of GBX 3 ($0.04) and a one year high of GBX 6.17 ($0.08).

About Serabi Mining

Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.

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