RBC Capital Remains a Buy on Raging River Exploration

Raging River Exploration (TSX: RRX), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Shailender Randhawa from RBC Capital reiterated a Buy rating, with a C$8 price target.

According to TipRanks.com, Randhawa is ranked #2551 out of 4829 analysts.

Raging River Exploration has an analyst consensus of Moderate Buy, with a price target consensus of C$7.67.

The company has a one-year high of C$8.89 and a one-year low of C$5.52. Currently, Raging River Exploration has an average volume of 1.62M.

Raging River Exploration, Inc. is a junior oil and gas production company. It engages in the exploration and development of crude oil and natural gas properties in in southwest Saskatchewan. The company was founded on December 15, 2011 and is headquartered in Calgary, Canada.

The company’s shares closed on Tuesday at C$5.72, close to its 52-week low of C$5.52.