In a report released today, Peter Kormendy from Shaw and Partners maintained a Buy rating on Lunnon Metals Limited (LM8 – Research Report), with a price target of A$0.60. The company’s shares closed today at A$0.22.

According to TipRanks, Kormendy is an analyst with an average return of -1.1% and a 36.14% success rate. Kormendy covers the Basic Materials sector, focusing on stocks such as Australian Vanadium Limited, AIC Mines Limited, and FireFly Metals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lunnon Metals Limited with a A$0.60 average price target.

The company has a one-year high of A$0.36 and a one-year low of A$0.14. Currently, Lunnon Metals Limited has an average volume of 130.6K.