CIBC Reiterates Sector Perform Rating for Lightstream Resources (LTS)
Lightstream Resources (TSE:LTS)‘s stock had its “sector perform” rating reiterated by equities researchers at CIBC in a research report issued on Friday. They currently have a C$7.75 target price on the stock, down from their previous target price of C$9.00. CIBC’s target price points to a potential upside of 23.02% from the company’s current price.
Shares of Lightstream Resources (TSE:LTS) traded down 1.59% during mid-day trading on Friday, hitting $6.20. 578,791 shares of the company’s stock traded hands. Lightstream Resources has a 52 week low of $5.06 and a 52 week high of $9.09. The stock’s 50-day moving average is $7.72 and its 200-day moving average is $6.83. The company’s market cap is $1.240 billion.
Lightstream Resources (TSE:LTS) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.19.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at NBF cut their price target on shares of Lightstream Resources from C$8.00 to C$7.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at FirstEnergy Capital reiterated a “market perform” rating on shares of Lightstream Resources in a research note on Wednesday, July 16th. They now have a C$7.50 price target on the stock, down previously from C$8.00. Finally, analysts at Haywood Securities raised their price target on shares of Lightstream Resources from C$7.00 to C$8.00 in a research note on Wednesday, May 28th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. Lightstream Resources currently has an average rating of “Hold” and an average target price of C$7.48.
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