Blackpearl Resources PT Raised to C$2.75 (PXX)
Investment analysts at Canaccord Genuity hoisted their price target on shares of Blackpearl Resources (TSE:PXX) from C$2.25 to C$2.75 in a note issued to investors on Tuesday, AR Network reports. Canaccord Genuity’s price objective would suggest a potential upside of 22.77% from the stock’s previous close.
Blackpearl Resources (TSE:PXX) traded up 0.89% during mid-day trading on Tuesday, hitting $2.26. 43,241 shares of the company’s stock traded hands. Blackpearl Resources has a one year low of $1.36 and a one year high of $3.20. The stock has a 50-day moving average of $2.24 and a 200-day moving average of $1.97. The company’s market cap is $669.7 million.
Several other analysts have also recently commented on the stock. Analysts at Desjardins initiated coverage on shares of Blackpearl Resources in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Blackpearl Resources from C$3.50 to C$3.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC reiterated a “speculative sector outperform” rating on shares of Blackpearl Resources in a research note to investors on Friday, November 8th. They now have a C$2.85 price target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Blackpearl Resources currently has a consensus rating of “Buy” and a consensus price target of C$3.06.
BlackPearl Resources Inc (TSE:PXX) is an oil and natural gas company.
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