Numis Securities cut shares of Bacanora Minerals Ltd Com (LON:BCN) from a buy rating to a hold rating in a research note issued to investors on Monday. They currently have GBX 110 ($1.48) price objective on the stock, down from their previous price objective of GBX 140 ($1.88).
BCN has been the subject of several other research reports. Shore Capital reissued a not rated rating on shares of Bacanora Minerals Ltd Com in a report on Tuesday, November 28th. Canaccord Genuity reissued a speculative buy rating and issued a GBX 120 ($1.62) price target on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd. Canaccord Genuity Group reissued a speculative buy rating and issued a GBX 120 ($1.62) price target on shares of Bacanora Minerals Ltd Com in a report on Thursday, November 2nd. Finally, Shore Capital Group reaffirmed a not rated rating on shares of Bacanora Minerals Ltd Com in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 117.50 ($1.58).
Shares of Bacanora Minerals Ltd Com (BCN) opened at GBX 108.25 ($1.46) on Monday. Bacanora Minerals Ltd Com has a 12-month low of GBX 61 ($0.82) and a 12-month high of GBX 180.25 ($2.43).
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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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