RBC Capital Markets Cuts Petrus Resources Ltd (PRQ) Price Target to C$2.50
Petrus Resources Ltd (TSE:PRQ) had its price target lowered by research analysts at RBC Capital Markets from C$2.75 to C$2.50 in a note issued to investors on Thursday. RBC Capital Markets’ price objective suggests a potential upside of 19.05% from the company’s current price.
Separately, Royal Bank Of Canada assumed coverage on shares of Petrus Resources in a research report on Friday, July 8th. They set a “sector perform” rating and a C$2.25 price target on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Petrus Resources currently has a consensus rating of “Buy” and an average target price of C$3.00.
Petrus Resources (TSE:PRQ) traded down 3.33% on Thursday, reaching $2.03. The company had a trading volume of 62,500 shares. Petrus Resources has a 52-week low of $1.73 and a 52-week high of $4.50. The company’s market capitalization is $92.06 million. The company’s 50-day moving average is $2.00 and its 200-day moving average is $2.07.
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About Petrus Resources
Petrus Resources Ltd., formerly PhosCan Chemical Corp., is a Canada-based oil and gas company focused on property exploitation and strategic acquisitions in Alberta. The Company, through Fox River Resources Corp., is engaged in the exploration and evaluation of the Martison Phosphate Project. The Company focuses on production in approximately four areas within the province of Alberta, which includes Ferrier, Central Alberta, the central Rocky Mountain foothills region and the Peace River area.
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