In a report released on April 22, Hugo Nicolaci from Goldman Sachs maintained a Buy rating on Gold Road Resources Ltd (ELKMF – Research Report), with a price target of A$1.95. The company’s shares closed yesterday at $1.10.
Nicolaci covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Gold Road Resources Ltd, and IGO. According to TipRanks, Nicolaci has an average return of 11.9% and a 60.98% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gold Road Resources Ltd with a $1.20 average price target, a 9.59% upside from current levels. In a report released on April 22, J.P. Morgan also maintained a Buy rating on the stock with a A$1.70 price target.
ELKMF market cap is currently $1.15B and has a P/E ratio of 15.03.
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Gold Road Resources Ltd (ELKMF) Company Description:
Gold Road Resources Ltd together with its subsidiaries, engages in the exploration and development of mineral properties in Australia.
