CIBC Remains a Hold on Paramount Resources Ltd (PRMRF)

By Ryan Adsit

CIBC analyst Jamie Kubik maintained a Hold rating on Paramount Resources Ltd (PRMRFResearch Report) today and set a price target of C$6.50. The company’s shares closed last Monday at $3.63, equals to its 52-week low of $3.63.

According to TipRanks.com, Kubik is ranked 0 out of 5 stars with an average return of -18.5% and a 21.7% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Freehold Royalties Ltd, PrairieSky Royalty Ltd, and Pengrowth Energy Corp.

Paramount Resources Ltd has an analyst consensus of Hold, with a price target consensus of $5.86.

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The company has a one-year high of $10.25 and a one-year low of $3.63. Currently, Paramount Resources Ltd has an average volume of 4,696.

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Paramount Resources Ltd. explores and develops both conventional and unconventional petroleum and natural gas resources. It operates through the following regions: Grande Prairie Region, Kaybob Region and Central Alberta and Other Region. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.