MA Financial Group Sticks to Its Buy Rating for Red 5 Limited (VAU)
MA Financial Group analyst Paul Hissey maintained a Buy rating on Red 5 Limited (VAU – Research Report) yesterday and set a price target of A$0.57. The company’s shares closed yesterday at A$0.37.
According to TipRanks, Hissey is a 4-star analyst with an average return of 18.5% and a 44.44% success rate. Hissey covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Alkane Resources Ltd, and AIC Mines Limited.
In addition to MA Financial Group, Red 5 Limited also received a Buy from Ord Minnett’s Paul Kaner in a report issued today. However, on January 14, RBC Capital maintained a Hold rating on Red 5 Limited (ASX: VAU).
VAU market cap is currently A$2.45B and has a P/E ratio of -243.33.
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Red 5 Ltd is engaged in gold production and mineral exploration in Australia. Its project includes the Darlot Gold Mine located in Perth, the King of the Hills Gold project, and Siana Gold Project.