In a report released today, Regan Burrows from Bell Potter maintained a Buy rating on Talga Group Ltd. (TLGRF – Research Report), with a price target of A$2.50. The company’s shares closed yesterday at $0.88.
According to TipRanks, Burrows is a 3-star analyst with an average return of 7.6% and a 53.57% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Talga Group Ltd. with a $1.66 average price target.
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The company has a one-year high of $1.27 and a one-year low of $0.67. Currently, Talga Group Ltd. has an average volume of 12.9K.
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Talga Resources Ltd is a technology minerals company. It’s operating and geographical segments consist of graphite exploration and development in Sweden, gold exploration and evaluation in Australia and graphite or graphene research and development in Germany and the United Kingdom. The graphite projects include Pitea, Jalkunen, Pajala, and Raitajarvi. In addition, it also owns two iron ore projects, Masugnsbyn and Vittangi, located in Norrbotten county, in northern Sweden. The Bullfinch project is located in the Yilgarn region, 50 kilometers north of the town of the Southern Cross. The other three projects, which include Talga Talga, Warrawoona, and Mosquito Creek projects are located in the historic East Pilbara gold region, near the towns of Marble Bar and Nullagine.
