Leucrotta Exploration Receives a Buy from GMP FirstEnergy

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 Stacey Mcdonald from GMP FirstEnergy reiterated a Buy rating, with a C$2.75 price target.

Mcdonald has an average return of 36.4% when recommending Leucrotta Exploration.

According to TipRanks.com, Mcdonald is ranked #3619 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.

Based on Leucrotta Exploration’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$2.08 million and GAAP net loss of C$1.66 million. In comparison, last year the company earned revenue of C$2.19 million and had a GAAP net loss of C$2.77 million.

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.