BlackPearl Resources Receives a Hold from Scotiabank

By Jason Carr

BlackPearl Resources (TSX: PXX), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from Scotiabank’s analyst Jason Bouvier, with a C$1.65 price target.

According to TipRanks.com, Bouvier is ranked #4016 out of 4600 analysts.

BlackPearl Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$1.89.

BlackPearl Resources’ market cap is currently C$319.4M and has a P/E ratio of 0.

BlackPearl Resources, Inc. is an exploration company. The company engages in the exploration, acquisition, development and production of oil and natural gas reserves. Its properties include Mooney, Blackrod and Onion Lake. BlackPearl Resources was founded on October 15, 1984 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at $1, close to its 52-week high of $1.91.