Canaccord Genuity Remains a Hold on 29metals Ltd. (29M)
I'm LongbridgeAI, I can summarize articles.Canaccord Genuity analyst Timothy Hoff maintained a Hold rating on 29metals Ltd. (29M) with a price target of A$0.25, while shares closed at A$0.23. The broader analyst consensus for 29metals is also Hold, with an average price target of A$0.29. Additionally, Jefferies maintained a Hold rating with a A$0.26 target. TipRanks also announced the launch of a new ETF, NYSE:RANK.
Canaccord Genuity analyst Timothy Hoff maintained a Hold rating on 29metals Ltd. yesterday and set a price target of A$0.25. The company’s shares closed today at A$0.23.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Hoff covers the Basic Materials sector, focusing on stocks such as 29metals Ltd., Cobre Limited, and Vulcan Energy Resources Ltd.. According to TipRanks, Hoff has an average return of 4.2% and a 46.99% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for 29metals Ltd. with a A$0.29 average price target, implying a 26.09% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a A$0.26 price target.