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

Blackrock Silver (CVE:BRC) has been assigned a C$1.00 target price by equities research analysts at Raymond James in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 138.10% from the stock’s current price.

Blackrock Silver Trading Up 7.7 %

Shares of Blackrock Silver stock opened at C$0.42 on Tuesday. The business has a fifty day simple moving average of C$0.42 and a 200-day simple moving average of C$0.33. The firm has a market cap of C$114.40 million, a price-to-earnings ratio of -20.50 and a beta of 3.19. The company has a quick ratio of 3.14, a current ratio of 8.57 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.

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 Transactions at Blackrock Silver

In other news, Director Antony Wood sold 125,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total transaction of C$45,025.00. Also, Director Andrew Pollard sold 273,800 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$0.37, for a total value of C$101,990.50. Insiders have sold 573,800 shares of company stock valued at $209,141 over the last three months. Company 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.