Other research analysts have also issued research reports about the company. Numis Securities Ltd boosted their price objective on Bacanora Minerals from GBX 130 ($1.71) to GBX 140 ($1.84) and gave the stock a buy rating in a report on Thursday, August 24th. Liberum Capital restated a buy rating and set a GBX 130 ($1.71) target price on shares of Bacanora Minerals in a report on Tuesday, July 18th. Finally, Canaccord Genuity reissued a speculative buy rating and issued a GBX 120 ($1.58) target price on shares of Bacanora Minerals in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 127.50 ($1.68).
Bacanora Minerals (BCN) traded down GBX 0.50 ($0.01) during midday trading on Thursday, hitting GBX 101 ($1.33). The stock had a trading volume of 73,229 shares, compared to its average volume of 334,822. Bacanora Minerals has a 12 month low of GBX 61 ($0.80) and a 12 month high of GBX 108.75 ($1.43).
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Bacanora Minerals 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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