AltaCorp Captial Sticks to Its Buy Rating for Leucrotta Exploration

By Ryan Adsit

Leucrotta Exploration (TSXV: LXE), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Patrick O’rourke from AltaCorp Captial remains bullish on the stock and has a C$4 price target.

O’rourke has an average return of 32.5% when recommending Leucrotta Exploration.

According to TipRanks.com, O’rourke is ranked #894 out of 4569 analysts.

Currently, the analyst consensus on Leucrotta Exploration is Moderate Buy and the average price target is C$3, representing a 55.4% upside.

In a report issued on May 29, RBC Capital also reiterated a Buy rating on the stock with a C$3 price target.

Leucrotta Exploration, Inc. engages in the oil and natural gas production, exploration and acquisition in the Dawson-Sunrise area of British Columbia. The company was founded on June 10, 2014 and is headquartered in Calgary, Canada.

The company’s shares closed last Tuesday at $1.93.