In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on West African Resources Ltd (WFRSF – Research Report), with a price target of A$1.60. The company’s shares closed yesterday at $0.71.
Bowler covers the Basic Materials sector, focusing on stocks such as West African Resources Ltd, Westgold Resources Ltd, and Gold Road Resources Ltd. According to TipRanks, Bowler has an average return of 12.5% and a 59.68% success rate on recommended stocks.
Currently, the analyst consensus on West African Resources Ltd is a Moderate Buy with an average price target of $1.06.
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The company has a one-year high of $1.10 and a one-year low of $0.50. Currently, West African Resources Ltd has an average volume of 10.83K.
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West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group’s mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The company operates in two segments: Mining operations and Exploration.
