Bacanora Minerals Ltd Com (BCN) Downgraded by Numis Securities

Bacanora Minerals Ltd Com (LON:BCN) was downgraded by equities researchers at Numis Securities from a “buy” rating to a “hold” rating in a note issued to investors on Monday, December 18th. They currently have a GBX 110 ($1.49) price target on the stock, down from their prior price target of GBX 140 ($1.90). Numis Securities’ price objective suggests a potential downside of 14.73% from the stock’s current price.

Several other research firms also recently issued reports on BCN. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 120 ($1.63) price target on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Shore Capital Group restated a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Shore Capital restated a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Finally, Canaccord Genuity reduced their price target on Bacanora Minerals Ltd Com from GBX 130 ($1.76) to GBX 120 ($1.63) and set a “speculative buy” rating for the company in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bacanora Minerals Ltd Com presently has a consensus rating of “Hold” and a consensus target price of GBX 131.25 ($1.78).

Shares of Bacanora Minerals Ltd Com (LON BCN) traded down GBX 8 ($0.11) during midday trading on Monday, hitting GBX 129 ($1.75). The stock had a trading volume of 339,297 shares, compared to its average volume of 314,740. Bacanora Minerals Ltd Com has a one year low of GBX 72 ($0.98) and a one year high of GBX 157 ($2.13).

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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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