Noble Financial Reaffirms Their Buy Rating on Aurania Resources (ARU)


Aurania Resources (ARU), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Mark Reichman from Noble Financial rated Aurania Resources (ARU) a Buy, setting a C$4.50 price target.

According to TipRanks.com, Reichman is a 1-star analyst with an average return of -3.3% and a 32.0% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.

Currently, the analyst consensus on Aurania Resources is a Moderate Buy with an average price target of C$4.50.

Based on Aurania Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$1.51 million. In comparison, last year the company had a GAAP net loss of C$1.69 million.

Aurania Resources Ltd. engages in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its projects include The Lost Cities-Cutucu, and Mt. Chemin, Siviez and Marecottes. The company was founded on June 26, 2007 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$3.39.

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