Bacanora Minerals Ltd Com (BCN) Price Target Raised to GBX 175 at Canaccord Genuity
Bacanora Minerals Ltd Com (LON:BCN) had its price target increased by Canaccord Genuity from GBX 120 ($1.60) to GBX 175 ($2.34) in a research note issued to investors on Thursday. They currently have a speculative buy rating on the stock.
BCN has been the subject of a number of other reports. Shore Capital restated a not rated rating on shares of Bacanora Minerals Ltd Com in a research note on Tuesday, November 28th. Numis Securities downgraded Bacanora Minerals Ltd Com from a buy rating to a hold rating and decreased their target price for the company from GBX 140 ($1.87) to GBX 110 ($1.47) in a research note on Monday, December 18th. Liberum Capital restated a buy rating and issued a GBX 120 ($1.60) target price on shares of Bacanora Minerals Ltd Com in a research note on Tuesday, December 19th. Canaccord Genuity Group restated a speculative buy rating and issued a GBX 120 ($1.60) target price on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Finally, Shore Capital Group restated a not rated rating on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 131.25 ($1.75).
Shares of Bacanora Minerals Ltd Com (BCN) traded up GBX 9 ($0.12) during mid-day trading on Thursday, reaching GBX 137 ($1.83). The company’s stock had a trading volume of 939,845 shares, compared to its average volume of 183,147. Bacanora Minerals Ltd Com has a 12 month low of GBX 72 ($0.96) and a 12 month high of GBX 138.95 ($1.86).
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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