BlackPearl Resources Receives Average Recommendation of “Buy” from Analysts (TSE:PXX)
Shares of BlackPearl Resources (TSE:PXX) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Stock Ratings News reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$3.29.
A number of research firms have recently commented on PXX. Analysts at Scotiabank downgraded shares of BlackPearl Resources from an “outperform” rating to a “sector perform” rating in a research note on Monday. They now have a C$3.00 price target on the stock, down previously from C$3.50. Separately, analysts at Paradigm Capital cut their price target on shares of BlackPearl Resources from C$3.75 to C$3.50 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at CIBC downgraded shares of BlackPearl Resources from an “outperform” rating to a “sector perform” rating in a research note on Monday, May 12th.
Shares of BlackPearl Resources (TSE:PXX) traded down 0.22% on Friday, hitting $2.245. 65,621 shares of the company’s stock traded hands. BlackPearl Resources has a 52-week low of $1.44 and a 52-week high of $3.15. The stock has a 50-day moving average of $2.36 and a 200-day moving average of $2.51. The company has a market cap of $753.1 million and a price-to-earnings ratio of 56.25.
BlackPearl Resources Inc (TSE:PXX) is an oil and natural gas company.
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