Bacanora Minerals Ltd Com (LON:BCN) Price Target Raised to GBX 175 at Canaccord Genuity

Bacanora Minerals Ltd Com (LON:BCN) had its price objective boosted by stock analysts at Canaccord Genuity from GBX 120 ($1.69) to GBX 175 ($2.46) in a research report issued to clients and investors on Thursday, January 4th. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 44.63% from the stock’s previous close.

Several other equities analysts also recently issued reports on BCN. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 120 ($1.69) target price on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Shore Capital Group reissued a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Shore Capital reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Thursday, November 2nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 120 ($1.69) price target on shares of Bacanora Minerals Ltd Com in a research report on Tuesday, December 19th. Finally, Numis Securities downgraded Bacanora Minerals Ltd Com from a “buy” rating to a “hold” rating and cut their price target for the stock from GBX 140 ($1.97) to GBX 110 ($1.54) in a research report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 131.25 ($1.84).

Bacanora Minerals Ltd Com (LON:BCN) traded down GBX 4.50 ($0.06) during mid-day trading on Thursday, hitting GBX 121 ($1.70). The stock had a trading volume of 117,152 shares, compared to its average volume of 327,233. Bacanora Minerals Ltd Com has a 52-week low of GBX 72 ($1.01) 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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