Latest news with #MeteoricResourcesNL
Business Insider
9 hours ago
- Business
- Business Insider
Ord Minnett Reaffirms Their Buy Rating on Meteoric Resources NL (MEI)
In a report released today, Matthew Hope from Ord Minnett maintained a Buy rating on Meteoric Resources NL (MEI – Research Report), with a price target of A$0.20. The company's shares opened today at A$0.13. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Hope covers the Basic Materials sector, focusing on stocks such as Boss Energy , Lotus Resources Limited, and Lynas Rare Earths . According to TipRanks, Hope has an average return of 10.8% and a 57.43% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meteoric Resources NL with a A$0.27 average price target.
Business Insider
05-05-2025
- Business
- Business Insider
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. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. 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.
Bloomberg
11-03-2025
- Business
- Bloomberg
Rare Earth Miner Says Scarce Brazil Financing Undercuts Industry Push
Meteoric Resources NL is finding it difficult to find local financing for its $420 million rare earth project in Brazil, pushing the Australian firm to expand its search for investors beyond the South American nation. Scarce funding in Brazil is prompting Meteoric and other small mining firms operating in the country to consider sales deals tied to future output as collateral for international loans. The industry says that undermines Brazil's ambitions of playing a bigger role in developing an industry around rare earth elements — a group of 17 minerals that play a key role in defense and other high-tech sectors — as Western nations seek to diversify supply chains away from China's dominance.
