Leucrotta Exploration Gets a Hold Rating from BMO Capital

By Jason Carr

Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Analyst Ray Kwan from BMO Capital rated Leucrotta Exploration (TSXV: LXE) a Hold, setting a C$2.75 price target.

According to TipRanks.com, Kwan is ranked 0 out of 5 stars with an average return of -5.0% and a 35.3% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Pengrowth Energy Corp, Enerplus Corp, and Encana Corp.

Leucrotta Exploration has an analyst consensus of Moderate Buy, with a price target consensus of C$3.

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 Thursday at $2.08.