In a report released today, Austin Yun from Macquarie maintained a Buy rating on Elevra Lithium, with a price target of A$5.50. The company’s shares closed today at $3.07.
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Yun covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals , Elevra Lithium, and Lynas Rare Earths . According to TipRanks, Yun has an average return of 7.3% and a 63.89% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Elevra Lithium with a $4.01 average price target.
Based on Elevra Lithium’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $121.89 million and a GAAP net loss of $51.73 million. In comparison, last year the company earned a revenue of $118.34 million and had a GAAP net loss of $29.34 million
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