GMP FirstEnergy Thinks Seven Generations A’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Seven Generations A (VII) received a Buy rating from GMP FirstEnergy’s analyst Cody Kwong, with a C$13.50 price target.

According to TipRanks.com, Kwong ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -24.2% and a 23.8% success rate. Kwong covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Paramount Resources Ltd, and Crescent Point Energy.

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Currently, the analyst consensus on Seven Generations A is a Strong Buy with an average price target of C$15.63.

Based on Seven Generations A’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$10.8 million. In comparison, last year the company had a net profit of C$22.7 million.

Seven Generations Energy Ltd. engages in the exploration, development, and production of oil and gas resources. It focuses on its Kakwa River project in northwest Alberta. The company was founded on January 8, 2001 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$6.51, close to its 52-week low of C$6.23.

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