Liontown Resources draws two Buy ratings and Citi Hold, with A$1.20 and A$1.05 targets

  • Liontown Resources received Buy ratings from Macquarie and Bell Potter’s Stuart Howe, while Citi maintained a Hold rating.
  • Liontown reported A$431.6 million revenue and A$276.52 million net profit for the quarter ended June 30; Macquarie and Citi set A$1.20 and A$1.05 targets, respectively.
  • Liontown had a Moderate Buy consensus, a €0.83 consensus price target and positive sentiment from six insiders after increased LIS purchases.

Liontown Resources Limited received Buy ratings from Macquarie and Bell Potter’s Stuart Howe, while Citi analyst Thiago Ojea maintained a Hold rating and set a A$1.05 price target; Macquarie’s target was A$1.20. For the quarter ended June 30, Liontown reported revenue of A$431.6 million and net profit of A$276.52 million, compared with revenue of A$197.16 million and a GAAP net loss of A$178.03 million a year earlier. TipRanks shows Ojea with an average return of -3.2% and a 36.36% success rate on recommended stocks. Liontown has a Moderate Buy analyst consensus, a consensus price target of €0.83, a market capitalization of A$3.03 billion and a P/E ratio of 45.24. Sentiment from six corporate insiders was positive after LIS share purchases increased during the past quarter compared with earlier this year.

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