Canaccord Genuity Sticks to Their Buy Rating for Ascendant Resources Inc (ASND)


The NA sector company, Ascendant Resources Inc (TSX: ASND), has received a rating update from a Wall Street analyst on October 10. Canaccord Genuity’s analyst Dalton Baretto reiterates their Buy rating on the shares, with a C$1.10 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ascendant Resources Inc with a C$1.75 average price target.

Ascendant Resources Inc’s market cap is currently C$55.94M and has a P/E ratio of 4.4. The company has a Price to Book ratio of 1.49.

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 Friday at C$0.75.

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