Echelon Wealth Partners Maintains Their Buy Rating on Roxgold (ROGFF)


Echelon Wealth Partners analyst Ryan Walker maintained a Buy rating on Roxgold (ROGFF) on January 12 and set a price target of C$2.80. The company’s shares closed last Tuesday at $1.19.

According to TipRanks.com, Walker is a 4-star analyst with an average return of 31.4% and a 54.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Osino Resources, Osisko Mining, and RosCan Gold.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Roxgold with a $2.07 average price target, representing a 73.9% upside. In a report issued on December 28, Cormark Securities also maintained a Buy rating on the stock with a C$3.50 price target.

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Based on Roxgold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $57.38 million and net profit of $4.17 million. In comparison, last year the company earned revenue of $42.26 million and had a net profit of $1.1 million.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROGFF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Roxgold, Inc. is an exploration and development company. It engages in the acquiring, exploring and evaluating mineral properties and gold projects. The company holds interest in Yaramoko and Solna Projects. Roxgold was founded on November 22, 1983 and is headquartered in Toronto, Canada.

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