Blackrock Silver (CVE:BRC) Given a C$2.10 Price Target by Canaccord Genuity Group Analysts

Blackrock Silver (CVE:BRC – Get Free Report) has been assigned a C$2.10 price objective by equities researchers at Canaccord Genuity Group in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 66.67% from the company’s previous close.

Separately, Freedom Capital upgraded shares of Blackrock Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Blackrock Silver has an average rating of “Strong Buy” and a consensus target price of C$2.10.

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Blackrock Silver Stock Up 2.4%

CVE BRC traded up C$0.03 during trading on Friday, reaching C$1.26. The company’s stock had a trading volume of 523,156 shares, compared to its average volume of 1,031,060. The company has a current ratio of 13.70, a quick ratio of 3.14 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of C$472.85 million, a PE ratio of -21.00 and a beta of 3.60. The business has a 50-day moving average price of C$1.00 and a 200-day moving average price of C$1.26. Blackrock Silver has a 1-year low of C$0.58 and a 1-year high of C$2.41.

Blackrock Silver Company Profile

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Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold project comprising 100 patented and 83 unpatented lode mining claims covering an area of 10.3 square kilometers located in the Walker Lane trend of western Nevada. It also holds 100% interest in the Silver Cloud project comprising 572 unpatented lode mining claims covering an area of 46.9 square kilometers located in Northern Nevada Rift, Nevada.

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