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

Raymond James set a C$1.00 price target on Blackrock Silver (CVE:BRC) in a research note published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Blackrock Silver’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($1.00) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.05) EPS, FY2026 earnings at ($0.04) EPS and FY2027 earnings at ($0.02) EPS.

Blackrock Silver Stock Performance

Shares of BRC stock opened at C$0.42 on Tuesday. The stock’s 50-day moving average price is C$0.42 and its 200 day moving average price is C$0.33. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of C$114.40 million, a PE ratio of -21.00 and a beta of 3.19. Blackrock Silver has a 52-week low of C$0.19 and a 52-week high of C$0.58.

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

Insider Transactions at Blackrock Silver

In related news, Director Antony Wood sold 125,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total value of C$45,025.00. Also, Senior Officer Amit Kumar sold 175,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of C$0.36, for a total transaction of C$62,125.00. Insiders have sold 573,800 shares of company stock valued at $209,141 in the last quarter. 17.84% of the stock is currently owned by corporate insiders.

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.