Yangarra Resources (TSE:YGR) had its price objective cut by CIBC from C$4.25 to C$3.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 74.42% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. National Bank Financial reduced their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $7.50 price objective on shares of in a research report on Tuesday, July 9th. Finally, Raymond James reaffirmed a “hold” rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th.
TSE YGR opened at C$1.72 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 65.52. Yangarra Resources has a 12-month low of C$1.67 and a 12-month high of C$5.44. The firm has a market capitalization of $154.51 million and a P/E ratio of 3.82. The firm has a 50 day simple moving average of C$2.17.
About Yangarra Resources
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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