In a report released today, Dylan Kelly from Ord Minnett maintained a Buy rating on Alkane Resources Ltd (ALKEF – Research Report), with a price target of A$1.10. The company’s shares closed last Monday at $0.45.
According to TipRanks, Kelly is a 5-star analyst with an average return of 23.5% and a 51.02% success rate. Kelly covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths Limited, Aurelia Metals Limited, and OZ Minerals Limited.
Alkane Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $0.75.
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Based on Alkane Resources Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Alkane Resources Ltd. is a multi-commodity mining and exploration company. It focuses on gold, copper, zirconium, niobium and rare earths. The company produces and develops zirconium-hafnium, niobium-tantalum, yttrium-rare earths, gold, silver and copper deposits. Its projects include Dubbo Zirconia and Tomingley Gold. Alkane Resources was founded on May 13, 1969 and is headquartered in Burswood, Australia.
