In a report released today, Peter Kormendy from Shaw and Partners maintained a Buy rating on Latrobe Magnesium Limited, with a price target of A$0.06.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Kormendy covers the Basic Materials sector, focusing on stocks such as Sunstone Metals Limited, Austral Resources Australia Limited, and Latrobe Magnesium Limited. According to TipRanks, Kormendy has an average return of 14.5% and a 50.93% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Latrobe Magnesium Limited with a A$0.06 average price target.
Based on Latrobe Magnesium Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of A$2.54 million. In comparison, last year the company had a GAAP net loss of A$1.84 million
