Todays Report: Today: BlackPearl Resources Inc. (PXX) PT Raised to C$1.50

Today: BlackPearl Resources Inc. (PXX) PT Raised to C$1.50

BlackPearl Resources Inc. (TSE:PXX) had its target price upped by equities researchers at RBC Capital Markets from C$1.25 to C$1.50 in a report issued on Thursday. RBC Capital Markets’ target price would indicate a potential upside of 9.49% from the company’s current price.

Several other research firms have also recently issued reports on PXX. Royal Bank Of Canada raised their price target on shares of BlackPearl Resources from C$1.10 to C$1.25 in a research note on Thursday, July 14th. Canaccord Genuity raised their target price on shares of BlackPearl Resources from C$1.50 to C$1.75 and gave the stock a “speculative buy” rating in a research report on Wednesday, October 12th. Scotiabank reissued a “sector perform” rating and issued a C$1.20 target price on shares of BlackPearl Resources in a research report on Wednesday, August 10th. AltaCorp Capital raised their target price on shares of BlackPearl Resources from C$1.00 to C$1.25 in a research report on Wednesday, August 10th. Finally, Barclays PLC raised their target price on shares of BlackPearl Resources from C$1.00 to C$1.50 in a research report on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of C$1.36.

BlackPearl Resources (TSE:PXX) opened at 1.37 on Thursday. BlackPearl Resources has a 12-month low of $0.47 and a 12-month high of $1.49. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $1.06. The firm’s market cap is $459.84 million.

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