Macquarie Keeps Their Buy Rating on Genesis Minerals Limited (GMD)

Business Insider

12 hours ago

Macquarie analyst Andrew Bowler maintained a Buy rating on Genesis Minerals Limited (GMD – Research Report) on June 27 and set a price target of A$5.70. The company's shares closed last Friday at A$4.34.
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According to TipRanks, Bowler is a 5-star analyst with an average return of 25.8% and a 65.58% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Perseus Mining , Resolute Mining , and Ramelius Resources Limited.
Genesis Minerals Limited has an analyst consensus of Moderate Buy, with a price target consensus of A$4.54, which is a 4.61% upside from current levels. In a report released on June 17, UBS also maintained a Buy rating on the stock with a A$5.50 price target.
Based on Genesis Minerals Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$338.73 million and a net profit of A$59.8 million. In comparison, last year the company earned a revenue of A$215.92 million and had a net profit of A$16 million