Yesterday, an analyst has provided a rating update for Aurania Resources (ARU). Analyst Mark Reichman from Noble Financial remains bullish on the stock and has a C$3.75 price target.
According to TipRanks.com, Reichman is ranked 0 out of 5 stars with an average return of -15.2% and a 19.2% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aurania Resources with a C$3.75 average price target.
Based on Aurania Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$2.91 million. In comparison, last year the company had a GAAP net loss of C$1.51 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 Swiss. The company was founded on June 26, 2007 and is headquartered in Toronto, Canada.
The company’s shares closed last Wednesday at C$2.45.
