Equities researchers at CIBC raised their target price on shares of Sterling Resources (CVE: SLG) from $0.85 to $1.25 in a report issued on Tuesday. The firm currently has a “sector perform” rating on the stock.
Separately, analysts at TD Securities downgraded shares of Sterling Resources from a “speculative buy” rating to a “hold” rating in a research note to investors on Friday, February 8th. They now have a $0.95 price target on the stock, down previously from $1.70.
Five equities research analysts have rated the stock with a hold rating, Sterling Resources has an average rating of “Hold” and a consensus price target of $1.49.
Sterling Resources Ltd. (CVE: SLG) is an energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas.
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