Cormark Boosts Bluestone Resources (CVE:BSR) Price Target to C$3.50

Bluestone Resources (CVE:BSR) had its price objective raised by stock analysts at Cormark from C$3.00 to C$3.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 103.49% from the stock’s current price.

Several other analysts also recently commented on BSR. National Bank Financial lifted their target price on shares of Bluestone Resources from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Pi Financial set a C$2.65 price target on shares of Bluestone Resources and gave the company a “buy” rating in a report on Friday.

BSR stock traded up C$0.04 during midday trading on Friday, reaching C$1.72. 215,873 shares of the company were exchanged, compared to its average volume of 263,391. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.89 and a quick ratio of 3.74. The business has a 50-day moving average price of C$1.51 and a two-hundred day moving average price of C$1.28. Bluestone Resources has a one year low of C$0.85 and a one year high of C$1.88. The firm has a market capitalization of $140.19 million and a price-to-earnings ratio of -5.45.

Bluestone Resources (CVE:BSR) last issued its quarterly earnings data on Thursday, November 21st. The company reported C($0.09) earnings per share for the quarter. As a group, analysts anticipate that Bluestone Resources will post -0.08 earnings per share for the current fiscal year.

Bluestone Resources Company Profile

Bluestone Resources Inc operates as a mineral exploration and development company. It focuses on advancing its 100% owned Cerro Blanco gold and Mita geothermal projects located in Guatemala. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.

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