Bacanora Minerals (BCN) Receives GBX 131.25 Consensus Target Price from Brokerages
Bacanora Minerals (LON:BCN) has received an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 131.25 ($1.81).
Several analysts have commented on BCN shares. Numis Securities downgraded Bacanora Minerals from a “buy” rating to a “hold” rating and cut their target price for the company from GBX 140 ($1.93) to GBX 110 ($1.52) in a research note on Monday, December 18th. Liberum Capital reiterated a “buy” rating and set a GBX 120 ($1.66) target price on shares of Bacanora Minerals in a research note on Tuesday, December 19th. Canaccord Genuity reiterated a “speculative buy” rating and set a GBX 175 ($2.42) target price on shares of Bacanora Minerals in a research note on Thursday, January 25th. Finally, Shore Capital restated a “not rated” rating on shares of Bacanora Minerals in a research note on Tuesday, November 28th.
Shares of Bacanora Minerals (BCN) opened at GBX 78 ($1.08) on Tuesday. Bacanora Minerals has a 52 week low of GBX 76.50 ($1.06) and a 52 week high of GBX 157 ($2.17).
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About Bacanora Minerals
Bacanora Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties. It explores for battery grade lithium carbonates and borates. The company's flagship project is the Sonora Lithium project, which consists of 10 mining concessions covering an area of approximately 104,064 hectares situated in Sonora State, Mexico.
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