Bacanora Minerals Ltd Com (BCN) Price Target Raised to GBX 175 at Canaccord Genuity
Bacanora Minerals Ltd Com (LON:BCN) had its price objective upped by equities research analysts at Canaccord Genuity from GBX 120 ($1.69) to GBX 175 ($2.46) in a research note issued to investors on Thursday, January 4th. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 39.44% from the stock’s current price.
BCN has been the topic of a number of other reports. Shore Capital reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Shore Capital Group reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 120 ($1.69) price target on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Numis Securities downgraded Bacanora Minerals Ltd Com from a “buy” rating to a “hold” rating and reduced their price target for the stock from GBX 140 ($1.97) to GBX 110 ($1.54) in a research report on Monday, December 18th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 120 ($1.69) price target on shares of Bacanora Minerals Ltd Com in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Bacanora Minerals Ltd Com presently has an average rating of “Hold” and a consensus price target of GBX 131.25 ($1.84).
Shares of Bacanora Minerals Ltd Com (BCN) remained flat at $GBX 125.50 ($1.76) during trading hours on Thursday. The company had a trading volume of 199,192 shares, compared to its average volume of 327,466. Bacanora Minerals Ltd Com has a twelve month low of GBX 72 ($1.01) and a twelve month high of GBX 157 ($2.20).
Bacanora Minerals Ltd., an exploration stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties in Mexico. It primarily focuses on lithium and borates. The companys primary assets include the Sonora Lithium project, which consists of 10 mining concession area covering approximately 100 thousand hectares in the northeast of Sonora State; and the Magdalena Borate project that covers 16,503 hectares in Sonora state.
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