Analysts have been quite happy with Yangarra Resources (YGR) stock lately, as after AltaCorp Captial and Canaccord Genuity rated the stock a Buy this past month, there is another positive note, this time from Raymond James. Analyst Jeremy Mccrea rated Yangarra Resources (YGR) a Buy today, setting a C$6.50 price target.
According to TipRanks.com, Mccrea ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.5% and a 24.3% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Currently, the analyst consensus on Yangarra Resources is a Strong Buy with an average price target of C$5.92.
The company has a one-year high of C$6.50 and a one-year low of C$2.17. Currently, Yangarra Resources has an average volume of 261.6K.
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 Wednesday at C$2.91.
