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Macquarie Sticks to Their Buy Rating for Global Lithium Resources Ltd. (GL1)

Tipranks - Tipranks - Mon Feb 9, 6:42PM CST

In a report released today, Austin Yun from Macquarie maintained a Buy rating on Global Lithium Resources Ltd., with a price target of A$0.65.

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Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Lynas Rare Earths , and Elevra Lithium. According to TipRanks, Yun has an average return of 41.4% and a 65.00% success rate on recommended stocks.

Currently, the analyst consensus on Global Lithium Resources Ltd. is a Moderate Buy with an average price target of A$0.65.

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Based on Global Lithium Resources Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of A$827.39 thousand. In comparison, last year the company had a GAAP net loss of A$1.69 thousand

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