Ord Minnett analyst Paul Kaner maintained a Buy rating on Alkane Resources Ltd (ALKEF – Research Report) today and set a price target of A$1.00. The company’s shares closed yesterday at $0.41.
According to TipRanks, Kaner is a 2-star analyst with an average return of 0.0% and a 44.44% success rate. Kaner covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining Limited, and Gold Road Resources Ltd.
Currently, the analyst consensus on Alkane Resources Ltd is a Moderate Buy with an average price target of $0.64.
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The company has a one-year high of $0.64 and a one-year low of $0.35. Currently, Alkane Resources Ltd has an average volume of 8,219.
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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.
