Allegiant Gold (AUXXF) Receives a Buy from Noble Financial

Noble Financial analyst Mark Reichman maintained a Buy rating on Allegiant Gold (AUXXFResearch Report) today and set a price target of $0.90. The company’s shares closed last Thursday at $0.26.

According to, Reichman is a 1-star analyst with an average return of -1.5% and a 34.2% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Bear Resources, Endeavour Silver, and Comstock Mining.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegiant Gold with a $0.90 average price target.

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Based on Allegiant Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.79 million. In comparison, last year the company had a net profit of $317K.

Based on the recent corporate insider activity of 37 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 AUXXF in relation to earlier this year.

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Allegiant Gold Ltd. engages in the acquisition, exploration and developement segmentof gold. Its projects include Bolo, Browns Canyon, Clanton Hills, Eastside, Four Metals, Goldfield West, Mogollon, Overland Pass, White Horse Flats, and White Horse North projects. The company was founded on September 26, 2017 and is headquartered in Vancouver, Canada.

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