BlackPearl Resources Inc. (PXX) Given New C$1.50 Price Target at Royal Bank Of Canada
Several other brokerages have also weighed in on PXX. Canaccord Genuity upped their price objective on shares of BlackPearl Resources from C$1.50 to C$1.75 and gave the company a speculative buy rating in a report on Wednesday. Scotiabank restated a sector perform rating and issued a C$1.20 target price on shares of BlackPearl Resources in a report on Wednesday, July 13th. AltaCorp Capital upped their target price on shares of BlackPearl Resources from C$1.00 to C$1.25 in a 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 stock a hold rating in a report on Wednesday, August 10th. Finally, Barclays PLC upped their target price on shares of BlackPearl Resources from C$1.00 to C$1.50 in a report on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating, BlackPearl Resources currently has an average rating of Hold and an average price target of C$1.36.
Shares of BlackPearl Resources (TSE:PXX) traded up 0.74% during midday trading on Thursday, hitting $1.36. The stock had a trading volume of 33,400 shares. BlackPearl Resources has a 52 week low of $0.47 and a 52 week high of $1.49. The company’s market cap is $456.48 million. The stock’s 50-day moving average price is $1.28 and its 200 day moving average price is $1.06.
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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