BlackPearl Resources Inc. (TSE:PXX) had its target price boosted by Canaccord Genuity from C$1.50 to C$1.75 in a research report released on Wednesday. Canaccord Genuity currently has a speculative buy rating on the stock.
Several other brokerages have also recently issued reports on PXX. Royal Bank Of Canada boosted their price objective on shares of BlackPearl Resources from C$1.10 to C$1.25 in a research note on Thursday, July 14th. Scotiabank reissued a sector perform rating and issued a C$1.20 price objective on shares of BlackPearl Resources in a research note on Wednesday, August 10th. AltaCorp Capital boosted their price objective on shares of BlackPearl Resources from C$1.00 to C$1.25 in a research note on Wednesday, August 10th. Barclays PLC boosted their price objective on shares of BlackPearl Resources from C$1.00 to C$1.50 in a research note on Friday, July 22nd. Finally, TD Securities boosted their target price on shares of BlackPearl Resources from C$1.10 to C$1.25 and gave the stock a hold rating in a research report on Wednesday, August 10th. Seven analysts have rated the stock with a hold rating, BlackPearl Resources currently has an average rating of Hold and a consensus target price of C$1.31.
Shares of BlackPearl Resources (TSE:PXX) opened at 1.36 on Wednesday. BlackPearl Resources has a 52-week low of $0.47 and a 52-week high of $1.49. The company’s 50-day moving average is $1.28 and its 200 day moving average is $1.06. The firm’s market capitalization is $456.48 million.
About BlackPearl Resources
BlackPearl Resources Inc is an oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. The Company’s primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.
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