Bell Potter analyst Brad Watson maintained a Buy rating on Alkane Resources Ltd (ALKEF – Research Report) today and set a price target of A$1.25. The company’s shares closed last Thursday at $0.44.
According to TipRanks, Watson is a 3-star analyst with an average return of 4.3% and a 41.07% success rate.
Alkane Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of $0.74.
ALKEF market cap is currently $252M and has a P/E ratio of 12.40.
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Alkane Resources Ltd (ALKEF) Company Description:
Alkane Resources Ltd. is a multi-commodity mining and exploration company. It focuses on gold, copper, zirconium, niobium and rare earths. The company produces and develops zirconium-hafnium, niobium-tantalum, yttrium-rare earths, gold, silver and copper deposits. Its projects include Dubbo Zirconia and Tomingley Gold. Alkane Resources was founded on May 13, 1969 and is headquartered in Burswood, Australia.
