Raymond James Reiterates C$1.00 Price Target for Blackrock Silver (CVE:BRC)

Blackrock Silver (CVE:BRC) has been given a C$1.00 target price by investment analysts at Raymond James in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 150.00% from the stock’s current price.

Blackrock Silver Stock Up 2.6 %

CVE:BRC traded up C$0.01 during trading hours on Tuesday, hitting C$0.40. 184,381 shares of the stock traded hands, compared to its average volume of 387,970. The firm has a 50 day moving average price of C$0.42 and a 200 day moving average price of C$0.33. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. Blackrock Silver has a fifty-two week low of C$0.19 and a fifty-two week high of C$0.58. The firm has a market cap of C$108.95 million, a price-to-earnings ratio of -20.00 and a beta of 3.19.

Blackrock Silver (CVE:BRC) last announced its earnings results on Friday, September 27th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insider Activity

In other news, Senior Officer Amit Kumar sold 175,000 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of C$0.36, for a total transaction of C$62,125.00. Also, Director Antony Wood sold 125,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total transaction of C$45,025.00. Insiders have sold a total of 573,800 shares of company stock worth $209,141 in the last ninety days. Corporate insiders own 17.84% of the company’s stock.

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.