Beacon Hill Resources Plc Receives “Buy” Rating from Canaccord Genuity (BHR)
Beacon Hill Resources Plc (LON:BHR)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Friday, Analyst Ratings.Net reports. They currently have a GBX 6 ($0.10) price objective on the stock, down from their previous price objective of GBX 7 ($0.11). Canaccord Genuity’s price target would suggest a potential upside of 167.86% from the company’s current price.
A number of other firms have also recently commented on BHR. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Beacon Hill Resources Plc (LON:BHR) in a research note to investors on Friday, September 20th.
Shares of Beacon Hill Resources Plc (LON:BHR) traded down 4.29% on Friday, hitting GBX 2.144. The stock had a trading volume of 9,591,731 shares. Beacon Hill Resources Plc has a 52 week low of GBX 1.90 and a 52 week high of GBX 5.615. The stock has a 50-day moving average of GBX 2.35 and a 200-day moving average of GBX 2.78.
Beacon Hill Resources Plc is engaged in mining, including the development, through investment. The Company, through its subsidiary Minas Moatize Limitada, owns and operates the Minas Moatize Coal Mine in the Tete Province of Mozambique.
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