Stifel Nicolaus analyst Cole McGill maintained a Buy rating on ioneer Limited (GSCCF – Research Report) today and set a price target of A$0.80. The company’s shares closed yesterday at $0.12.
McGill covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Capstone Copper, and Lithium Americas (Argentina) Corp.. According to TipRanks, McGill has an average return of -11.2% and a 44.26% success rate on recommended stocks.
ioneer Limited has an analyst consensus of Strong Buy, with a price target consensus of $0.31, which is a 163.83% upside from current levels. In a report released on April 18, Canaccord Genuity also maintained a Buy rating on the stock with a A$0.35 price target.
GSCCF market cap is currently $266.4M and has a P/E ratio of -73.13.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GSCCF in relation to earlier this year.
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ioneer Limited (GSCCF) Company Description:
Ioneer Ltd is a mineral exploration company. The company’s focus is on the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA. Geographically, the group has a business presence in Australia and North America.
