Beacon Hill Resources Plc. Price Target Cut to GBX 0.70 (BHR)
Investment analysts at Canaccord Genuity reduced their price target on shares of Beacon Hill Resources Plc. (LON:BHR) from GBX 1.10 ($0.02) to GBX 0.70 ($0.01) in a note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 45.71% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Beacon Hill Resources Plc. in a research note on Monday, March 31st.
Beacon Hill Resources Plc. (LON:BHR) opened at 0.49 on Monday. Beacon Hill Resources Plc. has a 52 week low of GBX 0.45 and a 52 week high of GBX 3.85. The stock’s 50-day moving average is GBX 0.69 and its 200-day moving average is GBX 1.01.
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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