Sirius Minerals (SXX) Receives “Overweight” Rating from JPMorgan Chase & Co.
Sirius Minerals (LON:SXX)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Monday. They presently have a GBX 45 ($0.61) target price on the potash development company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 95.99% from the stock’s current price.
A number of other research analysts have also weighed in on SXX. Liberum Capital reissued a “buy” rating and issued a GBX 60 ($0.81) price objective on shares of Sirius Minerals in a report on Thursday, October 26th. Shore Capital reiterated a “buy” rating on shares of Sirius Minerals in a research report on Tuesday, October 24th.
Shares of Sirius Minerals (LON:SXX) traded down GBX 0.34 ($0.00) during midday trading on Monday, hitting GBX 22.96 ($0.31). The company had a trading volume of 12,392,172 shares, compared to its average volume of 11,280,000. The stock has a market cap of $1,050.00 and a PE ratio of -574.00. Sirius Minerals has a 1 year low of GBX 16.75 ($0.23) and a 1 year high of GBX 35.50 ($0.48).
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Sirius Mineral Plc is a United Kingdom-based resource development company. The Company is focused on the development of a polyhalite deposit located in North Yorkshire, the United Kingdom. The Company’s focus is on developing a multi-nutrient product, POLY4, to be used as a direct-application fertilizer and as a component in nitrogen, phosphorus and potassium (NPK) blending.
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