Alkane Resources Ltd (ALKEF) Receives a Buy from MA Financial Group
MA Financial Group analyst Paul Hissey maintained a Buy rating on Alkane Resources Ltd (ALKEF – Research Report) on May 4 and set a price target of A$1.05.
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Hissey covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Alkane Resources Ltd, and AIC Mines Limited. According to TipRanks, Hissey has an average return of 22.1% and a 56.76% success rate on recommended stocks.
Alkane Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of $0.71.
Based on Alkane Resources Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $121.5 million and a net profit of $13.16 million. In comparison, last year the company earned a revenue of $89.06 million and had a net profit of $12.43 million
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