Sirius Minerals’ (SXX) Buy Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Sirius Minerals (LON:SXX) in a research note released on Friday morning.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 45 ($0.61) price target on shares of Sirius Minerals in a research report on Friday, October 27th. Liberum Capital reiterated a buy rating and set a GBX 60 ($0.81) target price on shares of Sirius Minerals in a research report on Monday, October 9th.

Shares of Sirius Minerals (SXX) traded down GBX 0.60 ($0.01) during midday trading on Friday, hitting GBX 23.30 ($0.32). 24,836,126 shares of the stock were exchanged, compared to its average volume of 11,010,000. The firm has a market cap of $1,040.00 and a P/E ratio of -582.50. Sirius Minerals has a 1 year low of GBX 16.75 ($0.23) and a 1 year high of GBX 35.50 ($0.48).

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Sirius Minerals Company Profile

Sirius Mineral Plc is a United Kingdom-based resource development company. The Company is focused on the development of a polyhalite deposit located in North Yorkshire, the United Kingdom. The Company’s focus is on developing a multi-nutrient product, POLY4, to be used as a direct-application fertilizer and as a component in nitrogen, phosphorus and potassium (NPK) blending.

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