BlackPearl Resources Inc. (PXX) Given New C$1.75 Price Target at Canaccord Genuity
BlackPearl Resources Inc. (TSE:PXX) had its target price upped by Canaccord Genuity from C$1.50 to C$1.75 in a report published on Wednesday. They currently have a speculative buy rating on the stock.
A number of other brokerages also recently issued reports on PXX. Royal Bank Of Canada increased their price target on shares of BlackPearl Resources from C$1.10 to C$1.25 in a report on Thursday, July 14th. Scotiabank reissued a sector perform rating and set a C$1.20 price target on shares of BlackPearl Resources in a report on Wednesday, August 10th. AltaCorp Capital increased their price target on shares of BlackPearl Resources from C$1.00 to C$1.25 in a report on Wednesday, August 10th. Barclays PLC increased their price target on shares of BlackPearl Resources from C$1.00 to C$1.50 in a report on Friday, July 22nd. Finally, TD Securities increased their price target on shares of BlackPearl Resources from C$1.10 to C$1.25 and gave the stock a hold rating in a report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of C$1.31.
BlackPearl Resources (TSE:PXX) opened at 1.36 on Wednesday. The stock’s market capitalization is $456.48 million. BlackPearl Resources has a 1-year low of $0.47 and a 1-year high of $1.49. The company’s 50 day moving average is $1.28 and its 200-day moving average is $1.06.
BlackPearl Resources Company Profile
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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