Shaw and Partners analyst Peter Kormendy maintained a Buy rating on AIC Mines Limited (IAUFF – Research Report) today and set a price target of A$1.00. The company’s shares closed last Wednesday at $0.28.

Kormendy covers the Basic Materials sector, focusing on stocks such as Australian Vanadium Limited, AIC Mines Limited, and FireFly Metals. According to TipRanks, Kormendy has an average return of 0.3% and a 37.18% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AIC Mines Limited with a $0.46 average price target.

IAUFF market cap is currently $137.3M and has a P/E ratio of 16.75.

Based on the recent corporate insider activity of 10 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 IAUFF in relation to earlier this year.