BlackPearl Resources Inc. (PXX) Receives Speculative Buy Rating from Canaccord Genuity
Canaccord Genuity reissued their speculative buy rating on shares of BlackPearl Resources Inc. (TSE:PXX) in a report issued on Tuesday morning. The brokerage currently has a C$2.25 price target on the stock.
A number of other analysts have also recently weighed in on PXX. AltaCorp Capital increased their price objective on shares of BlackPearl Resources from C$1.00 to C$1.25 in a report on Wednesday, August 10th. Scotiabank reaffirmed a sector perform rating and issued a C$1.20 price objective on shares of BlackPearl Resources in a report on Wednesday, August 10th. TD Securities increased their price objective 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. Royal Bank Of Canada increased their price objective on shares of BlackPearl Resources from C$1.25 to C$1.50 in a report on Thursday, October 13th. Finally, RBC Capital Markets increased their price objective on shares of BlackPearl Resources from C$1.25 to C$1.50 in a report on Thursday, October 13th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of C$1.53.
Shares of BlackPearl Resources (TSE:PXX) opened at 1.87 on Tuesday. The firm has a 50 day moving average of $1.50 and a 200 day moving average of $1.22. BlackPearl Resources has a one year low of $0.47 and a one year high of $1.90. The stock’s market cap is $627.66 million.
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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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