Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh (ADMLF) Receives a Buy from Morgans

Morgans analyst Tom Sartor maintained a Buy rating on Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh (ADMLF – Research Report) today and set a price target of A$4.50. The company's shares closed today at $2.46.
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According to TipRanks, Sartor is a 4-star analyst with an average return of 17.0% and a 43.21% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh with a $2.95 average price target, which is a 19.92% upside from current levels. In a report released on May 1, Canaccord Genuity also maintained a Buy rating on the stock with a A$4.55 price target.
The company has a one-year high of $3.37 and a one-year low of $1.71. Currently, Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh has an average volume of 43.51K.
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 ADMLF in relation to earlier this year.

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