BlackPearl Resources Inc. (PXX) PT Raised to C$1.50
BlackPearl Resources Inc. (TSE:PXX) had its target price hoisted by investment analysts at Royal Bank Of Canada from C$1.25 to C$1.50 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective points to a potential upside of 10.29% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Canaccord Genuity upped their price target on BlackPearl Resources from C$1.50 to C$1.75 and gave the stock a “speculative buy” rating in a report on Wednesday. TD Securities upped their price target on BlackPearl Resources from C$1.10 to C$1.25 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Scotiabank reiterated a “sector perform” rating and set a C$1.20 price target on shares of BlackPearl Resources in a report on Wednesday, August 10th. AltaCorp Capital upped their price target on BlackPearl Resources from C$1.00 to C$1.25 in a report on Wednesday, August 10th. Finally, Barclays PLC upped their price objective on BlackPearl Resources from C$1.00 to C$1.50 in a research note on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of C$1.34.
Shares of BlackPearl Resources (TSE:PXX) traded up 0.74% on Thursday, hitting $1.37. The company had a trading volume of 12,300 shares. The company has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.06. The firm’s market capitalization is $459.84 million. BlackPearl Resources has a 1-year low of $0.47 and a 1-year high of $1.49.
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About BlackPearl Resources
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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