Morgan Stanley Keeps Their Hold Rating on 29metals Ltd. (29M)
In a report released today, Rahul Anand from Morgan Stanley maintained a Hold rating on 29metals Ltd. (29M – Research Report), with a price target of A$0.13. The company's shares closed yesterday at A$0.12.
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Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Evolution Mining . According to TipRanks, Anand has an average return of 5.3% and a 48.81% success rate on recommended stocks.
29metals Ltd. has an analyst consensus of Hold, with a price target consensus of A$0.22.
Based on 29metals Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$308.04 million and a GAAP net loss of A$68.42 million. In comparison, last year the company earned a revenue of A$209.82 million and had a GAAP net loss of A$133.8 million
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