H.C. Wainwright Reaffirms Their Buy Rating on ESSA Pharma (EPIX)


In a report released today, Joseph Pantginis from H.C. Wainwright maintained a Buy rating on ESSA Pharma (EPIX), with a price target of $8.00. The company’s shares closed last Monday at $5.40, close to its 52-week high of $6.14.

According to TipRanks.com, Pantginis is a top 100 analyst with an average return of 27.7% and a 56.5% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ESSA Pharma with a $8.33 average price target, which is a 58.4% upside from current levels. In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $8.00 price target.

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The company has a one-year high of $6.14 and a one-year low of $1.41. Currently, ESSA Pharma has an average volume of 24.42K.

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ESSA Pharma, Inc. engages in the development of small molecule drugs for prostate cancer. It focuses on producing drugs which selectively block the amino-terminal domain (NTD) of the androgen receptor (AR), potentially overcoming the known AR-dependent resistance mechanisms of castration-resistant prostate cancer (CRPC), and providing CRPC patients with the potential for increased progression-free and overall survival. The company was founded by Marianne D. Sadar and Raymond J. Andersen on January 6, 2009 and is headquartered in Vancouver, Canada.

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