Canaccord Genuity Sticks to Their Buy Rating for Meteoric Resources NL (MEI)
I'm LongbridgeAI, I can summarize articles.Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Meteoric Resources NL (MEI) with an A$0.40 price target, noting shares closed at A$0.16. The stock holds a Strong Buy consensus with an average target of A$0.37, implying 131% upside. Additionally, Ord Minnett issued a Buy rating with a lower A$0.25 target on June 12.
In a report released on June 11, Reg Spencer from Canaccord Genuity maintained a Buy rating on Meteoric Resources NL, with a price target of A$0.40. The company’s shares closed today at A$0.16.
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Spencer covers the Basic Materials sector, focusing on stocks such as Wildcat Resources Ltd., Resolute Mining , and Kingsgate Consolidated Limited. According to TipRanks, Spencer has an average return of 18.0% and a 51.28% success rate on recommended stocks.
Currently, the analyst consensus on Meteoric Resources NL is a Strong Buy with an average price target of A$0.37, representing a 131.25% upside. In a report released on June 12, Ord Minnett also maintained a Buy rating on the stock with a A$0.25 price target.