Vulcan Energy Resources Ltd. (VUL) Has a New Rating from Canaccord Genuity

Vulcan Energy Resources Ltd. received a Buy rating and a A$10.50 price target from Canaccord Genuity analyst Timothy Hoff yesterday. The company’s shares closed today at A$4.43.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Hoff is a 4-star analyst with an average return of 7.4% and a 52.38% success rate. Hoff covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Vulcan Energy Resources Ltd., and Pilbara Minerals .

Currently, the analyst consensus on Vulcan Energy Resources Ltd. is a Strong Buy with an average price target of A$7.50, a 69.30% upside from current levels. In a report released on January 14, Bell Potter also maintained a Buy rating on the stock with a A$6.10 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.