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Bell Potter Reaffirms Their Buy Rating on Vulcan Energy Resources Ltd. (VUL)

Tipranks - Tipranks - Wed Jan 14, 6:40PM CST

In a report released today, Stuart Howe from Bell Potter maintained a Buy rating on Vulcan Energy Resources Ltd., with a price target of A$6.10.

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According to TipRanks, Howe is a 5-star analyst with an average return of 19.7% and a 43.39% success rate. Howe covers the Basic Materials sector, focusing on stocks such as Liontown Resources Limited, Iperionx Limited, and Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh.

In a report released on January 5, Canaccord Genuity also maintained a Buy rating on the stock with a A$10.50 price target.

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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.

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