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Shares of BlackPearl Resources (TSE:PXX) have been given an average recommendation of “Buy” by the ten ratings firms that are covering the company, American Banking and Market News reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$3.28.

Shares of BlackPearl Resources (TSE:PXX) opened at 2.19 on Monday. BlackPearl Resources has a 52 week low of $1.80 and a 52 week high of $3.15. The stock’s 50-day moving average is $2.18 and its 200-day moving average is $2.47. The company has a market cap of $735.0 million and a price-to-earnings ratio of 53.50.

BlackPearl Resources (TSE:PXX) last announced its earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. On average, analysts predict that BlackPearl Resources will post $0.03 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of BlackPearl Resources from C$3.50 to C$3.25 in a research note on Thursday, July 17th. Separately, analysts at Scotiabank downgraded shares of BlackPearl Resources from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 23rd. They now have a C$3.00 price target on the stock, down previously from C$3.50. Finally, 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.

BlackPearl Resources Inc (TSE:PXX) is an oil and natural gas company.

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