Upgrade * Yangarra Resources Ltd. (
) to “speculative buy” from “hold” with a $1.25 target, up from 60 cents. Average: 89 cents.
Mr. Petrucci: “With its low cost structure, YGR managed to maintain relatively healthy margins through most of 2020. With a rebound in pricing, we believe YGR will have the funds available to maintain/grow its production base.”