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 last Thursday at $0.65.
Bowler covers the Basic Materials sector, focusing on stocks such as West African Resources Ltd, Resolute Mining Limited, and Evolution Mining Limited. According to TipRanks, Bowler has an average return of -2.3% and a 39.82% success rate on recommended stocks.
West African Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $1.01.
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The company has a one-year high of $0.94 and a one-year low of $0.42. Currently, West African Resources Ltd has an average volume of 11.72K.
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West African Resources Ltd (WFRSF) Company Description:
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.
