In a report, Mark Wiseman of Array Macquarie maintained a Buy score on Lotus Resources Limited (LOT – Research Report), with a price target of AU$0. 40. The company’s shares closed at A$0. 23.
According to TipRanks, Wiseman is an analyst with an average return of -7. 7% and a success rate of 34. 92%. Wiseman covers the energy sector, focusing on stocks such as Beach Energy Limited, Ampol Limited and Santos Limited.
Currently, the analyst consensus on Lotus Resources Limited is a Strong Buy with an average price target of A$0. 40.
LOT market cap is currently A$519.8M and has a P/E ratio of -17.28.
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Lotus Resources Ltd is a mineral exploration company engaged in the advancement of exploration and progression in the resource sector in Australia and Malawi. It operates in two geographic and advertising segments, namely Africa (Uranium) and Australia (Minerals). an interest in the Kayelekera uranium allocation in northern Malawi, 52 km west (by road) of the provincial town of Karonga and 12 km south of the main road connecting Karonga to Chitipa, the western town, and the Hylea Cobalt allocation is on sets on the west side of the Lachlan orogen.
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