Canaccord Genuity Group Analysts Give Blackrock Silver (CVE:BRC) a C$2.10 Price Target

Canaccord Genuity Group set a C$2.10 price target on Blackrock Silver (CVE:BRC) in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

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

Blackrock Silver Price Performance

Shares of CVE BRC opened at C$1.24 on Friday. Blackrock Silver has a twelve month low of C$0.58 and a twelve month high of C$2.41. The firm has a fifty day simple moving average of C$1.01 and a 200 day simple moving average of C$1.26. The company has a market capitalization of C$465.35 million, a PE ratio of -20.67 and a beta of 3.60. The company has a quick ratio of 3.14, a current ratio of 13.70 and a debt-to-equity ratio of 0.09.

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.