RBC Capital Sticks to Their Buy Rating for Westgold Resources (WGXRF)

RBC Capital analyst Alex Barkley maintained a Buy rating on Westgold Resources today and set a price target of A$5.80. The company’s shares closed yesterday at $3.27.

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According to TipRanks, Barkley is a 4-star analyst with an average return of 6.2% and a 57.42% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Westgold Resources, Vault Minerals Limited, and Bellevue Gold Limited.

Westgold Resources has an analyst consensus of Strong Buy, with a price target consensus of $3.17, representing a -3.06% downside. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a A$5.60 price target.

The company has a one-year high of $3.28 and a one-year low of $1.40. Currently, Westgold Resources has an average volume of 109.8K.

Based on the recent corporate insider activity of 9 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 WGXRF in relation to earlier this year.