Northern Blizzard Resources Inc. (TSE:NBZ) had its price objective reduced by RBC Capital Markets from C$5.00 to C$4.50 in a research report released on Thursday.

Other analysts have also recently issued research reports about the stock. TD Securities lowered their price objective on shares of Northern Blizzard Resources from C$6.50 to C$6.00 and set a buy rating for the company in a research report on Friday, August 12th. CIBC began coverage on shares of Northern Blizzard Resources in a research report on Wednesday, June 15th. They issued a sector perform rating and a C$5.00 price objective for the company. Finally, BMO Capital Markets reiterated an underperform rating and set a C$4.00 target price on shares of Northern Blizzard Resources in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of C$4.96.

Northern Blizzard Resources (TSE:NBZ) traded down 1.64% during trading on Thursday, hitting $3.59. The stock had a trading volume of 30,265 shares. The company’s market capitalization is $426.22 million. Northern Blizzard Resources has a 12-month low of $2.76 and a 12-month high of $5.74. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $4.25.

Northern Blizzard Resources Company Profile

Northern Blizzard Resources Inc is a Canada-based crude oil production and development company focused on maximizing oil recovery from its heavy oil resource base. The Company is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada.

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