Noble Financial analyst Mark Reichman maintained a Buy rating on Defense Metals (DFMTF – Research Report) today and set a price target of $0.65. The company’s shares closed yesterday at $0.20.
According to TipRanks, Reichman is an analyst with an average return of -7.3% and a 31.18% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Comstock Mining, Defense Metals, and Alliance Resource.
Defense Metals has an analyst consensus of Moderate Buy, with a price target consensus of $0.65.
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Based on Defense Metals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $959.45 thousand. In comparison, last year the company had a GAAP net loss of $430.11 thousand
Based on the recent corporate insider activity of 12 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 DFMTF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Defense Metals Corp is a Canadian mineral exploration company. It is engaged in sourcing, exploring and developing rare earth and uranium mineral properties. Its project portfolio includes uranium projects.
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