Canaccord Genuity Reaffirms Their Buy Rating on Vulcan Energy Resources Ltd. (VUL)
In a report released on January 5, Timothy Hoff from Canaccord Genuity maintained a Buy rating on Vulcan Energy Resources Ltd., with a price target of A$10.50. The company’s shares closed today at A$4.58.
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According to TipRanks, Hoff is a 4-star analyst with an average return of 7.0% and a 52.91% success rate. Hoff covers the Basic Materials sector, focusing on stocks such as Vulcan Energy Resources Ltd., Sandfire Resources Limited, and IGO.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vulcan Energy Resources Ltd. with a A$10.50 average price target.
Based on Vulcan Energy Resources Ltd.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$7.58 million and a GAAP net loss of A$23.01 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VUL in relation to earlier this year.
Read More on AU:VUL:
Disclaimer & DisclosureReport an Issue
- Citi Group Entities Exit Substantial Holder Status in Vulcan Energy Resources
- Vulcan Energy Resources Seeks ASX Quotation for 65.7 Million New Shares
- Vulcan Energy Completes Retail Entitlement Offer and Secures Full Phase One Funding
- Mitsubishi UFJ Exits Substantial Holder Position in Vulcan Energy Resources
- Vulcan Energy Declares Substantial Holder Cessation in Equity Structure
