BlackPearl Resources Inc. (PXX) PT Raised to C$1.75 at Canaccord Genuity
BlackPearl Resources Inc. (TSE:PXX) had its price objective increased by equities research analysts at Canaccord Genuity from C$1.50 to C$1.75 in a research report issued on Wednesday, StockTargetPrices.com reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 31.58% from the company’s previous close.
A number of other research analysts have also weighed in on the company. TD Securities lifted their target price on BlackPearl Resources from C$1.10 to C$1.25 and gave the company a “hold” rating in a report on Wednesday, August 10th. Scotiabank reaffirmed a “sector perform” rating and set a C$1.20 target price on shares of BlackPearl Resources in a report on Wednesday, August 10th. AltaCorp Capital lifted their target price on BlackPearl Resources from C$1.00 to C$1.25 in a report on Wednesday, August 10th. Barclays PLC lifted their target price on BlackPearl Resources from C$1.00 to C$1.50 in a report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on BlackPearl Resources from C$1.10 to C$1.25 in a report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating, BlackPearl Resources currently has a consensus rating of “Hold” and a consensus target price of C$1.31.
Shares of BlackPearl Resources (TSE:PXX) traded up 0.75% on Wednesday, reaching $1.34. 195,820 shares of the company were exchanged. The stock’s 50-day moving average is $1.28 and its 200 day moving average is $1.05. BlackPearl Resources has a 12-month low of $0.47 and a 12-month high of $1.49. The firm’s market capitalization is $449.77 million.
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BlackPearl Resources Company Profile
BlackPearl Resources Inc is an oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. The Company’s primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.
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