Ascendant Resources Inc (TSX: ASND), the NA sector company, was revisited by a Wall Street analyst yesterday. Analyst Dalton Baretto from Canaccord Genuity remains bullish on the stock and has a C$1.25 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 14.2% and a 54.8% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Hecla Mining Company, Pan American Silver, and Coeur Mining.
Currently, the analyst consensus on Ascendant Resources Inc is a Strong Buy with an average price target of C$1.88, which is a 180.6% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a C$2.40 price target.
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Ascendant Resources Inc’s market cap is currently C$53.43M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.77.
Ascendant Resources, Inc. engages in the exploration of mineral properties. It focuses on producing zinc-lead-silver El Mochito mine property in Honduras. The company was founded by Mark Peter Brennan, Cliff Hale-Sanders, Thomas J. Loch, and Stephen M. Shefsky on May 1, 2006 and is headquartered in Toronto, Canada.
The company’s shares closed on Thursday at C$0.67, close to its 52-week low of C$0.62.
