Bacanora Minerals Ltd Com (BCN) Hits New 12-Month High at $111.00
Shares of Bacanora Minerals Ltd Com (LON:BCN) hit a new 52-week high on Tuesday . The company traded as high as GBX 111 ($1.49) and last traded at GBX 110 ($1.48), with a volume of 245064 shares traded. The stock had previously closed at GBX 110 ($1.48).
A number of analysts have weighed in on BCN shares. Numis Securities increased their price target on Bacanora Minerals Ltd Com from GBX 130 ($1.75) to GBX 140 ($1.88) and gave the stock a “buy” rating in a report on Thursday, August 24th. Liberum Capital reiterated a “buy” rating and set a GBX 120 ($1.62) price target on shares of Bacanora Minerals Ltd Com in a report on Tuesday. Shore Capital reiterated a “not rated” rating on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd. Shore Capital Group reiterated a “not rated” rating on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd. Finally, Canaccord Genuity reduced their target price on Bacanora Minerals Ltd Com from GBX 130 ($1.75) to GBX 120 ($1.62) and set a “speculative buy” rating for the company in a research note on Wednesday, December 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bacanora Minerals Ltd Com has a consensus rating of “Hold” and a consensus price target of GBX 117.50 ($1.58).
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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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