Petra Capital analyst David Brennan maintained a Buy rating on Ardea Resources Ltd. (ARRRF – Research Report) today and set a price target of A$0.74. The company’s shares closed last Tuesday at $0.48.
According to TipRanks, Brennan is an analyst with an average return of -13.1% and a 46.43% success rate. Brennan covers the Basic Materials sector, focusing on stocks such as Alkane Resources Ltd, Ardea Resources Ltd., and Westgold Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ardea Resources Ltd. with a $0.48 average price target.
ARRRF market cap is currently $88.61M and has a P/E ratio of -23.30.
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Ardea Resources Ltd. (ARRRF) Company Description:
Ardea Resources Ltd is a mineral exploration company.
