Berenberg Bank Keeps Their Buy Rating on Andrada Mining (ATMTF)
Berenberg Bank analyst Richard Hatch reiterated a Buy rating on Andrada Mining (ATMTF – Research Report) today and set a price target of p11.00. The company's shares closed last Thursday at $0.04.
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Hatch covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Anglo American, and Central Asia Metals. According to TipRanks, Hatch has an average return of 8.5% and a 53.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Andrada Mining with a $0.15 average price target.
Based on Andrada Mining's latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $10.81 million and a GAAP net loss of $3.22 million. In comparison, last year the company earned a revenue of $8.85 million and had a GAAP net loss of $2.76 million
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