---
title: "Canaccord Genuity Sticks to Their Buy Rating for Meteoric Resources NL (MEI)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289752156.md"
description: "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."
datetime: "2026-06-15T08:28:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289752156.md)
  - [en](https://longbridge.com/en/news/289752156.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289752156.md)
generator: "portal-rs"
---

# Canaccord Genuity Sticks to Their Buy Rating for Meteoric Resources NL (MEI)

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.

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