Blackrock Silver (CVE:BRC) Upgraded by Raymond James to Moderate Buy Rating

Raymond James upgraded shares of Blackrock Silver (CVE:BRC) to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports. Raymond James also issued estimates for Blackrock Silver’s Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($1.00) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.05) EPS, FY2026 earnings at ($0.04) EPS and FY2027 earnings at ($0.02) EPS.

Blackrock Silver Price Performance

CVE:BRC opened at C$0.42 on Monday. Blackrock Silver has a twelve month low of C$0.19 and a twelve month high of C$0.58. The firm has a market capitalization of C$114.40 million, a price-to-earnings ratio of -21.00 and a beta of 3.19. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is C$0.42 and its two-hundred day moving average price is C$0.33.

Blackrock Silver (CVE:BRC) last released its earnings results on Friday, September 27th. The company reported C($0.01) earnings per share for the quarter.

Insider Transactions at Blackrock Silver

In other news, Senior Officer Amit Kumar sold 175,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of C$0.36, for a total transaction of C$62,125.00. Also, Director Antony Wood sold 125,000 shares of Blackrock Silver stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total value of C$45,025.00. In the last three months, insiders sold 573,800 shares of company stock worth $209,141. 17.84% of the stock is owned by company insiders.

Blackrock Silver Company Profile

Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold project comprising 100 patented and 83 unpatented lode mining claims covering an area of 10.3 square kilometers located in the Walker Lane trend of western Nevada.