Lightstream Resources Upgraded by TD Securities to “Buy” (LTS)
Lightstream Resources (TSE:LTS) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a C$9.00 price objective on the stock, up from their previous price objective of C$7.50. TD Securities’ target price would indicate a potential upside of 20.48% from the company’s current price.
LTS has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Lightstream Resources from C$7.00 to C$8.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Lightstream Resources to C$8.00 in a research note on Wednesday. Finally, analysts at Dundee Securities raised their price target on shares of Lightstream Resources from C$8.00 to C$8.50 in a research note on Wednesday, April 16th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$7.43.
Lightstream Resources (TSE:LTS) traded up 4.33% on Wednesday, hitting $7.47. 2,842,686 shares of the company’s stock traded hands. Lightstream Resources has a 1-year low of $5.06 and a 1-year high of $9.10. The stock’s 50-day moving average is $6.2 and its 200-day moving average is $6.04.
Lightstream Resources (TSE:LTS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.15.
The company also recently announced a apr 14 dividend, which is scheduled for Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, April 28th.
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