Bacanora Minerals Ltd Com (BCN) Receives “speculative buy” Rating from Canaccord Genuity
Canaccord Genuity reaffirmed their speculative buy rating on shares of Bacanora Minerals Ltd Com (LON:BCN) in a research report released on Thursday morning. Canaccord Genuity currently has a GBX 120 ($1.58) price objective on the stock.
Several other brokerages have also issued reports on BCN. Shore Capital reissued a not rated rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday. Numis Securities Ltd increased their target price on Bacanora Minerals Ltd Com from GBX 130 ($1.72) to GBX 140 ($1.85) and gave the stock a buy rating in a research report on Thursday, August 24th. Finally, Liberum Capital reissued a buy rating and issued a GBX 130 ($1.72) target price on shares of Bacanora Minerals Ltd Com in a research report on Tuesday, July 18th.
Bacanora Minerals Ltd Com (BCN) traded up GBX 5.50 ($0.07) during midday trading on Thursday, reaching GBX 91.50 ($1.21). The company’s stock had a trading volume of 646,724 shares, compared to its average volume of 143,106. Bacanora Minerals Ltd Com has a 1-year low of GBX 61 ($0.80) and a 1-year high of GBX 96 ($1.27).
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In other Bacanora Minerals Ltd Com news, insider Jamie Strauss bought 42,857 shares of Bacanora Minerals Ltd Com stock in a transaction on Thursday, September 7th. The stock was acquired at an average price of GBX 70 ($0.92) per share, with a total value of £29,999.90 ($39,588.15).
Bacanora Minerals Ltd Com Company Profile
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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