Bacanora Minerals Ltd Com (BCN) Receives Average Recommendation of “Hold” from Brokerages

Bacanora Minerals Ltd Com (LON:BCN) has received an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 131.25 ($1.81).

Several brokerages recently issued reports on BCN. Canaccord Genuity raised their target price on Bacanora Minerals Ltd Com from GBX 120 ($1.66) to GBX 175 ($2.42) and gave the stock a “speculative buy” rating in a research report on Thursday, January 4th. Numis Securities lowered Bacanora Minerals Ltd Com from a “buy” rating to a “hold” rating and lowered their target price for the stock from GBX 140 ($1.93) to GBX 110 ($1.52) in a research report on Monday, December 18th. Liberum Capital reissued a “buy” rating and issued a GBX 120 ($1.66) price objective on shares of Bacanora Minerals Ltd Com in a research report on Tuesday, December 19th. Finally, Shore Capital reissued a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research report on Tuesday, November 28th.

Bacanora Minerals Ltd Com (BCN) opened at GBX 85 ($1.17) on Tuesday. Bacanora Minerals Ltd Com has a 12-month low of GBX 76.50 ($1.06) and a 12-month high of GBX 157 ($2.17).

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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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