In a report released yesterday, Paul Hissey from MA Financial Group maintained a Buy rating on AIC Mines Limited (IAUFF – Research Report), with a price target of A$0.43. The company’s shares closed yesterday at $0.19.

Hissey covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Hillgrove Resources Limited, and Alkane Resources Ltd. According to TipRanks, Hissey has an average return of 19.8% and a 52.44% success rate on recommended stocks.

AIC Mines Limited has an analyst consensus of Strong Buy, with a price target consensus of $0.49, a 152.19% upside from current levels. In a report released on June 23, Bell Potter also maintained a Buy rating on the stock with a A$0.56 price target.

Based on AIC Mines Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $93.21 million and a net profit of $8.09 million. In comparison, last year the company earned a revenue of $91.02 million and had a net profit of $2.23 million