Bacanora Minerals Ltd Com (LON:BCN)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, December 19th. They currently have a GBX 120 ($1.63) price objective on the stock. Liberum Capital’s price target would indicate a potential downside of 5.51% from the company’s previous close.
A number of other equities analysts have also issued reports on the company. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 120 ($1.63) target price on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Shore Capital Group reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Numis Securities upped their target price on Bacanora Minerals Ltd Com from GBX 130 ($1.76) to GBX 140 ($1.90) and gave the company a “buy” rating in a research report on Thursday, August 24th. Shore Capital reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Finally, Canaccord Genuity cut their target price on Bacanora Minerals Ltd Com from GBX 130 ($1.76) to GBX 120 ($1.63) and set a “speculative buy” rating on the stock in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bacanora Minerals Ltd Com presently has an average rating of “Hold” and an average target price of GBX 131.25 ($1.78).
Bacanora Minerals Ltd Com (BCN) traded down GBX 10 ($0.14) during trading on Tuesday, reaching GBX 127 ($1.72). The company had a trading volume of 469,482 shares, compared to its average volume of 314,740. Bacanora Minerals Ltd Com has a 12-month low of GBX 72 ($0.98) and a 12-month high of GBX 157 ($2.13).
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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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