The BlackPearl Resources Inc. (PXX) PT Raised to C$1.75 at Canaccord Genuity

The BlackPearl Resources Inc. (PXX) PT Raised to C$1.75 at Canaccord Genuity

BlackPearl Resources Inc. (TSE:PXX) had its price objective increased by equities research analysts at Canaccord Genuity from C$1.50 to C$1.75 in a research report issued on Wednesday, StockTargetPrices.com reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 31.58% from the company’s previous close.

A number of other research analysts have also weighed in on the company. TD Securities lifted their target price on BlackPearl Resources from C$1.10 to C$1.25 and gave the company a “hold” rating in a report on Wednesday, August 10th. Scotiabank reaffirmed a “sector perform” rating and set a C$1.20 target price on shares of BlackPearl Resources in a report on Wednesday, August 10th. AltaCorp Capital lifted their target price on BlackPearl Resources from C$1.00 to C$1.25 in a report on Wednesday, August 10th. Barclays PLC lifted their target price on BlackPearl Resources from C$1.00 to C$1.50 in a report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on BlackPearl Resources from C$1.10 to C$1.25 in a report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating, BlackPearl Resources currently has a consensus rating of “Hold” and a consensus target price of C$1.31.

Shares of BlackPearl Resources (TSE:PXX) traded up 0.75% on Wednesday, reaching $1.34. 195,820 shares of the company were exchanged. The stock’s 50-day moving average is $1.28 and its 200 day moving average is $1.05. BlackPearl Resources has a 12-month low of $0.47 and a 12-month high of $1.49. The firm’s market capitalization is $449.77 million.

BlackPearl Resources Company Profile

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