Blackrock Silver (CVE:BRC) Given a C$1.00 Price Target at Raymond James

Blackrock Silver (CVE:BRC) has been given a C$1.00 price target by analysts at Raymond James in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 150.00% from the stock’s previous close.

Blackrock Silver Stock Performance

BRC stock traded up C$0.01 during mid-day trading on Tuesday, reaching C$0.40. 184,381 shares of the stock traded hands, compared to its average volume of 387,970. 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 52 week low of C$0.19 and a 52 week high of C$0.58. The business has a 50-day moving average of C$0.42 and a two-hundred day moving average of C$0.33. The firm has a market capitalization of C$108.95 million, a PE ratio of -20.00 and a beta of 3.19.

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

Insider Activity

In other news, Director Andrew Pollard sold 273,800 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$0.37, for a total transaction of C$101,990.50. Also, Senior Officer Amit Kumar sold 175,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of C$0.36, for a total transaction of C$62,125.00. Over the last 90 days, insiders sold 573,800 shares of company stock valued at $209,141. 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.