BlackPearl Resources Inc. (TSE:PXX) had its price objective hoisted by Royal Bank Of Canada from C$1.25 to C$1.50 in a report issued on Thursday morning, StockTargetPrices.com reports.
PXX has been the topic of a number of other research reports. Scotiabank reaffirmed a sector perform rating and issued a C$1.20 target price on shares of BlackPearl Resources in a research report on Wednesday, July 13th. Barclays PLC upped their target price on shares of BlackPearl Resources from C$1.00 to C$1.50 in a research report on Friday, July 22nd. AltaCorp Capital upped their target price on shares of BlackPearl Resources from C$1.00 to C$1.25 in a research report on Wednesday, August 10th. TD Securities upped their target price on shares of BlackPearl Resources from C$1.10 to C$1.25 and gave the company a hold rating in a research report on Wednesday, August 10th. Finally, Canaccord Genuity upped their target price on shares of BlackPearl Resources from C$1.50 to C$1.75 and gave the company a speculative buy rating in a research report on Wednesday, October 12th. Seven analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average price target of C$1.36.
Shares of BlackPearl Resources (TSE:PXX) opened at 1.47 on Thursday. The stock has a 50 day moving average of $1.30 and a 200-day moving average of $1.08. BlackPearl Resources has a 12-month low of $0.47 and a 12-month high of $1.50. The company’s market capitalization is $493.40 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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