Alkane Resources Ltd (ALKEF) Receives a Buy from Bell Potter
In a report released today, Brad Watson from Bell Potter maintained a Buy rating on Alkane Resources Ltd (ALKEF – Research Report), with a price target of A$1.40. The company's shares closed today at $0.46.
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Watson covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Alkane Resources Ltd, and Mineral Resources Limited. According to TipRanks, Watson has an average return of 5.4% and a 50.59% success rate on recommended stocks.
Currently, the analyst consensus on Alkane Resources Ltd is a Strong Buy with an average price target of $0.72, representing a 55.64% upside. In a report released on May 4, MA Financial Group also maintained a Buy rating on the stock with a A$1.05 price target.
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