J.P. Morgan maintains Buy on Catalyst Metals with A$8.70 price target

  • Jonathan Sharp maintained a Buy rating on Catalyst Metals Limited.
  • A$8.70 was Sharp’s price target, while shares closed at A$5.76.
  • Catalyst Metals reported A$364.09 million quarterly revenue and A$111.42 million net profit.

J.P. Morgan analyst Jonathan Sharp maintained a Buy rating on Catalyst Metals Limited and set a price target of A$8.70 in a report released yesterday. The company’s shares closed at A$5.76. TipRanks classifies Sharp as a 4-star analyst, with an average return of 22.5% and a 55.56% success rate. He covers the Basic Materials sector and follows Regis Resources Limited, Genesis Minerals Limited and Capricorn Metals Ltd. The broader analyst consensus on Catalyst Metals is Strong Buy, with an average price target of A$10.73, representing stated upside of 86.28% from current levels. UBS also maintained a Buy rating on the stock with a A$9.25 price target in a report released on September 22. Catalyst Metals reported quarterly revenue of A$364.09 million and net profit of A$111.42 million for the quarter ending June 30, compared with revenue of A$137.31 million and net profit of A$58.9 million a year earlier.

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