Cona Resources Ltd (TSE:CONA)‘s stock had its “underperform” rating restated by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday. They presently have a C$2.50 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 15.21% from the company’s previous close.

Several other equities research analysts also recently weighed in on CONA. Royal Bank Of Canada dropped their target price on shares of Cona Resources from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. National Bank Financial dropped their target price on shares of Cona Resources from C$3.50 to C$3.25 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Finally, TD Securities dropped their target price on shares of Cona Resources from C$3.25 to C$2.75 and set a “hold” rating for the company in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$3.10.

Cona Resources (TSE CONA) traded down C$0.30 on Wednesday, hitting C$2.17. 319,650 shares of the stock traded hands, compared to its average volume of 124,956. Cona Resources has a one year low of C$1.95 and a one year high of C$4.13.

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About Cona Resources

Cona Resources Ltd. acquires, explores for, develops, and produces petroleum and natural gas reserves in western Canada. Its focused and concentrated asset base comprise approximately 160,000 net acres located along the Alberta and Saskatchewan border. The company was formerly known as Northern Blizzard Resources Inc and changed its name to Cona Resources Ltd.

Analyst Recommendations for Cona Resources (TSE:CONA)

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