Bacanora Minerals Ltd Com (BCN) Receives GBX 131.25 Average PT from Analysts

Shares of Bacanora Minerals Ltd Com (LON:BCN) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 131.25 ($1.84).

A number of research firms recently commented on BCN. Canaccord Genuity boosted their price objective on shares of Bacanora Minerals Ltd Com from GBX 120 ($1.68) to GBX 175 ($2.45) and gave the stock a “speculative buy” rating in a report on Thursday, January 4th. Numis Securities downgraded shares of Bacanora Minerals Ltd Com from a “buy” rating to a “hold” rating and decreased their price objective for the stock from GBX 140 ($1.96) to GBX 110 ($1.54) in a report on Monday, December 18th. Liberum Capital reissued a “buy” rating and set a GBX 120 ($1.68) price objective on shares of Bacanora Minerals Ltd Com in a report on Tuesday, December 19th. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 120 ($1.68) price objective on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd. Finally, Shore Capital Group reissued a “not rated” rating on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd.

Bacanora Minerals Ltd Com (BCN) traded down GBX 6.50 ($0.09) during mid-day trading on Monday, reaching GBX 99 ($1.39). 559,866 shares of the company were exchanged, compared to its average volume of 347,541. Bacanora Minerals Ltd Com has a 52-week low of GBX 74.30 ($1.04) and a 52-week high of GBX 157 ($2.20).

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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 company’s 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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