---
title: "Canaccord Genuity Keeps Their Buy Rating on Canyon Resources Limited (CAY)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285901515.md"
description: "Canaccord Genuity analyst Timothy Hoff has maintained a Buy rating on Canyon Resources Limited (CAY) as of May 8, with a price target of A$0.25. The stock closed at A$0.14. Hoff, who specializes in the Basic Materials sector, has an average return of 8.7% and a 52.26% success rate on his recommendations. The analyst consensus for Canyon Resources is a Moderate Buy, with a price target of A$0.25."
datetime: "2026-05-11T07:55:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285901515.md)
  - [en](https://longbridge.com/en/news/285901515.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285901515.md)
generator: "portal-rs"
---

# Canaccord Genuity Keeps Their Buy Rating on Canyon Resources Limited (CAY)

Canaccord Genuity analyst Timothy Hoff maintained a Buy rating on Canyon Resources Limited on May 8 and set a price target of A$0.25. The company’s shares closed today at A$0.14.

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Hoff covers the Basic Materials sector, focusing on stocks such as PLS Group, Sandfire Resources Limited, and Nickel Mines Ltd.. According to TipRanks, Hoff has an average return of 8.7% and a 52.26% success rate on recommended stocks. 

Canyon Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of A$0.25.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**