Iron Bridge Resources (TSE:IBR) had its price objective hoisted by Canaccord Genuity from C$0.80 to C$0.84 in a research note released on Tuesday morning.

A number of other brokerages have also recently issued reports on IBR. Industrial Alliance Securities lifted their price objective on shares of Iron Bridge Resources from C$0.75 to C$0.85 in a report on Tuesday. Raymond James lifted their price objective on shares of Iron Bridge Resources from C$0.75 to C$0.85 and gave the company a market perform rating in a report on Tuesday. Laurentian reduced their price objective on shares of Iron Bridge Resources from C$1.00 to C$0.85 and set a tender rating for the company in a report on Monday. National Bank Financial cut shares of Iron Bridge Resources from a sector perform rating to a tender rating and set a C$0.85 price objective for the company. in a report on Monday. Finally, Scotiabank lifted their price objective on shares of Iron Bridge Resources from C$0.70 to C$0.80 and gave the company a sector perform rating in a report on Wednesday, May 23rd. Three research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average target price of C$0.86.

TSE:IBR opened at C$0.84 on Tuesday. Iron Bridge Resources has a 12 month low of C$0.46 and a 12 month high of C$0.85.

Iron Bridge Resources (TSE:IBR) last posted its quarterly earnings results on Tuesday, August 14th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$5.54 million during the quarter. Iron Bridge Resources had a negative return on equity of 359.36% and a negative net margin of 2,216.04%.

Iron Bridge Resources Company Profile

Iron Bridge Resources Inc engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids in Western Canada. It primarily operates in the Montney light oil fairway at Elmworth in West Central Alberta. As of December 31, 2017, its total proved plus probable reserves included 26.11 million barrels of oil equivalent.

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