On October 30, an analyst has provided a rating update for Yangarra Resources (TSX: YGR). The company received a Buy on October 30 from AltaCorp Captial’s analyst Thomas Matthews, with a C$8.25 price target.
Matthews has an average return of 89.2% when recommending Yangarra Resources.
According to TipRanks.com, Matthews is ranked #1427 out of 4908 analysts.
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Yangarra Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$7.63.
Yangarra Resources’ market cap is currently C$319.1M and has a P/E ratio of 18.7. The company has a Price to Book ratio of 1.42.
Yangarra Resources Ltd. is a junior oil and gas company. It engages in the exploration, development, and production of oil and natural gas. The company was founded in 1985 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$3.61, close to its 52-week low of C$3.52.
