Sterling Resources (CVE:SLG) had its price target upped by RBC Capital from C$1.00 to C$1.10 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a sector perform rating on the stock.
RBC Capital has also taken action a number of other stocks recently. The firm reiterated its sector perform rating on shares of Eldorado Gold Co.. They have a $9.00 price target on that stock. Also, RBC Capital reiterated its outperform rating on shares of Rio Tinto. Finally, RBC Capital reiterated its outperform rating on shares of Sierra Wireless. They have a $14.00 price target on that stock, down previously from $16.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities cut their price target on shares of Sterling Resources from C$1.10 to C$1.05 in a research note to investors on Thursday, May 2nd. Analysts at Jefferies Group cut their price target on shares of Sterling Resources from C$1.00 to C$0.75 in a research note to investors on Wednesday, May 1st.
Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$21.70.
Sterling Resources Ltd. (CVE: SLG) is an energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas.