Lightstream Resources Given Average Rating of “Hold” by Brokerages (TSE:LTS)

Shares of Lightstream Resources (TSE:LTS) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, AnalystRatings.Net reports. Five equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$4.47.

Several analysts have recently commented on the stock. Analysts at TD Securities downgraded shares of Lightstream Resources from a “buy” rating to a “reduce” rating in a research note on Friday. They now have a C$0.70 price target on the stock, down previously from C$4.50. Separately, analysts at RBC Capital downgraded shares of Lightstream Resources to an “underperform” rating in a research note on Wednesday. Finally, analysts at RBC Capital downgraded shares of Lightstream Resources from a “sector perform” rating to an “underperform” rating in a research note on Wednesday.

Shares of Lightstream Resources (TSE:LTS) traded down 10.07% on Wednesday, hitting $1.25. 3,948,302 shares of the company’s stock traded hands. Lightstream Resources has a 52 week low of $1.18 and a 52 week high of $9.09. The stock has a 50-day moving average of $2.4 and a 200-day moving average of $5.36. The company’s market cap is $250.8 million.
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