Macquarie Sticks to Its Buy Rating for Bellevue Gold Limited (BGL)
In a report released on June 27, Andrew Bowler from Macquarie maintained a Buy rating on Bellevue Gold Limited (BGL – Research Report), with a price target of A$1.30. The company's shares closed last Friday at A$0.90.
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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.
Currently, the analyst consensus on Bellevue Gold Limited is a Moderate Buy with an average price target of A$1.15.
Based on Bellevue Gold Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$222.34 million and a net profit of A$12.06 million. In comparison, last year the company earned a revenue of A$49.06 million and had a net profit of A$2.19 million
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