Morgans Reaffirms Their Buy Rating on Chalice Mining (C8U)

Morgans analyst Ross Bennett maintained a Buy rating on Chalice Mining (C8U – Research Report) on May 16 and set a price target of A$2.90. The company's shares closed last Friday at €0.64.
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Bennett covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Northern Star Resources Ltd, and Tesoro Gold. According to TipRanks, Bennett has an average return of 20.3% and a 71.43% success rate on recommended stocks.
Chalice Mining has an analyst consensus of Strong Buy, with a price target consensus of €1.47, implying a 128.62% upside from current levels. In a report released on May 12, Bell Potter also maintained a Buy rating on the stock with a A$5.75 price target.
The company has a one-year high of €1.21 and a one-year low of €0.44. Currently, Chalice Mining has an average volume of 3,365.

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