Bacanora Minerals Ltd Com (BCN) Rating Reiterated by Canaccord Genuity
Bacanora Minerals Ltd Com (LON:BCN)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity in a report issued on Thursday. They currently have a GBX 120 ($1.58) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 46.34% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Shore Capital restated a “not rated” rating on shares of Bacanora Minerals Ltd Com in a report on Thursday. Liberum Capital restated a “buy” rating and set a GBX 130 ($1.72) price objective on shares of Bacanora Minerals Ltd Com in a report on Tuesday, July 18th. Finally, Numis Securities Ltd boosted their price objective on shares of Bacanora Minerals Ltd Com from GBX 130 ($1.72) to GBX 140 ($1.85) and gave the company a “buy” rating in a report on Thursday, August 24th.
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In other news, insider Jamie Strauss acquired 42,857 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of GBX 70 ($0.92) per share, for a total transaction of £29,999.90 ($39,588.15).
Bacanora Minerals Ltd Com Company Profile
Bacanora Minerals Ltd., an exploration stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties in Mexico. It primarily focuses on lithium and borates. The companys primary assets include the Sonora Lithium project, which consists of 10 mining concession area covering approximately 100 thousand hectares in the northeast of Sonora State; and the Magdalena Borate project that covers 16,503 hectares in Sonora state.
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