Bacanora Minerals Ltd Com (BCN) Rating Reiterated by Canaccord Genuity
Bacanora Minerals Ltd Com (LON:BCN)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a GBX 120 ($1.59) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 47.24% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Numis Securities Ltd upped their target price on Bacanora Minerals Ltd Com from GBX 130 ($1.73) to GBX 140 ($1.86) and gave the stock a “buy” rating in a research note on Thursday, August 24th. Liberum Capital restated a “buy” rating and set a GBX 130 ($1.73) target price on shares of Bacanora Minerals Ltd Com in a research note on Tuesday, July 18th.
Shares of Bacanora Minerals Ltd Com (LON:BCN) traded up 3.07% during trading on Friday, reaching GBX 84.00. The company’s stock had a trading volume of 1,016,777 shares. The company’s market cap is GBX 110.80 million. Bacanora Minerals Ltd Com has a 52-week low of GBX 59.25 and a 52-week high of GBX 96.00. The firm’s 50-day moving average is GBX 80.36 and its 200 day moving average is GBX 83.79.
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In other Bacanora Minerals Ltd Com news, insider Jamie Strauss bought 42,857 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of GBX 70 ($0.93) per share, for a total transaction of £29,999.90 ($39,861.68).
About Bacanora Minerals Ltd Com
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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