Macquarie analyst Andrew Bowler maintained a Buy rating on West African Resources Ltd (WFRSF – Research Report) today and set a price target of A$1.60. The company’s shares closed last Friday at $0.87.
Bowler covers the Basic Materials sector, focusing on stocks such as West African Resources Ltd, Gold Road Resources Ltd, and St. Barbara Ltd.. According to TipRanks, Bowler has an average return of 16.3% and a 66.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for West African Resources Ltd with a $1.05 average price target.
WFRSF market cap is currently $888.4M and has a P/E ratio of 9.14.
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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.
