Bluestone Resources (CVE:BSR) Given Buy Rating at Pi Financial

Bluestone Resources (CVE:BSRGet Rating)‘s stock had its “buy” rating restated by Pi Financial in a research report issued on Monday, reports. They currently have a C$3.30 target price on the stock, down from their prior target price of C$3.40. Pi Financial’s price objective would indicate a potential upside of 317.72% from the stock’s previous close.

Bluestone Resources Stock Performance

CVE BSR opened at C$0.79 on Monday. The company has a market cap of C$119.42 million and a P/E ratio of -3.20. Bluestone Resources has a 1-year low of C$0.70 and a 1-year high of C$2.30. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.65 and a quick ratio of 0.58. The stock has a 50-day moving average of C$0.83 and a two-hundred day moving average of C$1.39.

Bluestone Resources (CVE:BSRGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The company reported C($0.08) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Bluestone Resources will post -0.08 EPS for the current year.

About Bluestone Resources

(Get Rating)

Bluestone Resources Inc engages in the exploration and development of mineral properties. Its flagship property is the 100% owned Cerro Blanco gold project located in southeastern Guatemala. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.

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