Lightstream Resources PT Lowered to C$6.50 (LTS)
Stock analysts at Dundee Securities lowered their target price on shares of Lightstream Resources (TSE:LTS) from C$7.25 to C$6.50 in a report issued on Wednesday. Dundee Securities’ target price points to a potential upside of 5.86% from the company’s current price.
Lightstream Resources (TSE:LTS) opened at 6.14 on Wednesday. Lightstream Resources has a 52-week low of $5.06 and a 52-week high of $9.09. The stock has a 50-day moving average of $6.6 and a 200-day moving average of $6.86. The company’s market cap is $1.229 billion.
Lightstream Resources (TSE:LTS) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.19.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on LTS. Analysts at National Bank Financial cut their price target on shares of Lightstream Resources from C$8.00 to C$7.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Separately, analysts at FirstEnergy Capital cut their price target on shares of Lightstream Resources from C$7.50 to C$6.75 in a research note on Friday, August 8th. Finally, analysts at TD Securities cut their price target on shares of Lightstream Resources from C$11.00 to C$7.50 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$7.23.
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