Ord Minnett Sticks to Its Buy Rating for Meteoric Resources NL (MEI)
Ord Minnett analyst Matthew Hope maintained a Buy rating on Meteoric Resources NL (MEI – Research Report) today and set a price target of A$0.20. The company's shares opened today at A$0.10.
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According to TipRanks, Hope is a 4-star analyst with an average return of 9.5% and a 53.93% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Boss Energy , Lynas Rare Earths , and ioneer Limited.
Currently, the analyst consensus on Meteoric Resources NL is a Strong Buy with an average price target of A$0.26, a 173.68% upside from current levels. In a report released on April 16, Bell Potter also maintained a Buy rating on the stock with a A$0.17 price target.
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