Blackrock Silver (CVE:BRC) PT Set at C$2.10 by Canaccord Genuity Group

Blackrock Silver (CVE:BRC) received a C$2.10 price target from equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 66.67% from the company’s previous close.

Separately, Freedom Capital upgraded shares of Blackrock Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of C$2.10.

Blackrock Silver Stock Up 2.4%

CVE:BRC traded up C$0.03 during trading hours on Friday, hitting C$1.26. 523,156 shares of the company’s stock traded hands, compared to its average volume of 1,031,060. The stock’s fifty day moving average price is C$1.00 and its two-hundred day moving average price is C$1.26. The firm has a market cap of C$472.85 million, a P/E ratio of -21.00 and a beta of 3.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.14 and a current ratio of 13.70. Blackrock Silver has a twelve month low of C$0.58 and a twelve month high of C$2.41.

About Blackrock Silver

Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold project comprising 100 patented and 83 unpatented lode mining claims covering an area of 10.3 square kilometers located in the Walker Lane trend of western Nevada. It also holds 100% interest in the Silver Cloud project comprising 572 unpatented lode mining claims covering an area of 46.9 square kilometers located in Northern Nevada Rift, Nevada.