Rating Report: Panmure Gordon Reconfirmed Ariana Resources PLC (LON:AAU) As Buy; Has Price Target Of GBX 2.71

November 29, 2016 - By Peter Kolinski

Ariana Resources PLC (LON:AAU) Rating

They currently have a GBX 2.71 target price on Ariana Resources PLC (LON:AAU). Panmure Gordon’s target would suggest a potential upside of 61.31% from the company’s close price. This was revealed to clients and investors in an analyst report on 29 November.

Ariana Resources plc (LON:AAU) Ratings Coverage

Out of 2 analysts covering Ariana Resources PLC (LON:AAU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 2.71 is the highest target while GBX 2.71 is the lowest. The GBX 2.71 average target is 55.75% above today’s (GBX 1.74) stock price. Ariana Resources PLC has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Speculative Buy” rating by Beaufort Securities given on Thursday, October 1. As per Tuesday, April 26, the company rating was maintained by Beaufort Securities. The company was maintained on Wednesday, September 14 by Panmure Gordon. Panmure Gordon maintained Ariana Resources plc (LON:AAU) on Monday, October 3 with “Buy” rating. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, January 14 report. Beaufort Securities maintained the shares of AAU in a report on Wednesday, September 14 with “Speculative Buy” rating. Beaufort Securities maintained Ariana Resources plc (LON:AAU) on Thursday, October 13 with “Speculative Buy” rating. Beaufort Securities maintained Ariana Resources plc (LON:AAU) on Monday, July 18 with “Speculative Buy” rating. The stock has “Speculative Buy” rating given by Beaufort Securities on Monday, December 21. The firm has “Speculative Buy” rating given on Wednesday, February 24 by Beaufort Securities.

About 1.35 million shares traded hands. Ariana Resources plc (LON:AAU) has risen 11.86% since April 28, 2016 and is uptrending. It has outperformed by 6.60% the S&P500.

Analysts await Almaden Minerals Ltd. (USA) (NYSEMKT:AAU) to report earnings on April, 4.

Ariana Resources plc is engaged in the acquisition, exploration and development of gold and technology-metals primarily in Turkey and Australia. The company has a market cap of 15.05 million GBP. The Firm is focused on the Red Rabbit Gold Project located in the western Turkey, comprising the Kiziltepe and Tavsan sectors. It currently has negative earnings. The Company’s projects include Kizilcukur project, Ivrindi project, Demirci project and Salinbas project.

According to Zacks Investment Research, “Almaden Minerals is an exploration company specializing in the generation of new mineral projects. The Company focuses primarily on new gold, silver and copper prospects in North America. Almaden Minerals is headquatered in Vancouver, Canada.”

Another recent and important Ariana Resources plc (LON:AAU) news was published by Globenewswire.com which published an article titled: “Ariana Resources plc : CONSTRUCTION UPDATE – KIZILTEPE” on November 29, 2016.

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