Blackstone Resources AG (SWX; symbol BLS, ISIN CH0460027110) is pleased to announce that AlphaValue has re-affirmed and upgraded its Buy rating on Blackstone Resources, which the company received in January 2022. This update by AlphaValue's in-house research team was based on Blackstone's latest developments.
Alphavalue raised its buy target to CHF 12.70 per share on BLS in its January research. Based on the current share price, this offers investors an upside potential of over 388%. AlphaValue's research report also noted that Blackstone Resources has several business drivers.
AlphaValue is an independent equity research house covering over 470 European stocks across 32 experienced analysts. The report can be easily downloaded from the Blackstone Resources website and is available here. It can also be accessed on AlphaValue's website or on Bloomberg's research portal.
Alphavalue raised its buy target to CHF 12.70 per share on BLS in its January research. Based on the current share price, this offers investors an upside potential of over 388%. AlphaValue's research report also noted that Blackstone Resources has several business drivers.
- Growing recognition of the need to protect the climate is leading to healthy growth and demand for the introduction of more electric vehicles and increased energy storage.
- Counter-cyclical businesses in precious metals, which show strong demand in a potential macro economic downturn and have safe-haven characteristics.
- Strong demand for infrastructure construction and renewal should drive greater demand for battery metals and other metals.
- Developed and newly developed markets should become long-term consumer markets.
AlphaValue is an independent equity research house covering over 470 European stocks across 32 experienced analysts. The report can be easily downloaded from the Blackstone Resources website and is available here. It can also be accessed on AlphaValue's website or on Bloomberg's research portal.
