PARINGA RESOURC/S (NASDAQ:PNRL) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $14.00 for the company, according to Zacks. Zacks has also assigned PARINGA RESOURC/S an industry rank of 161 out of 255 based on the ratings given to its competitors.
Several equities research analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $13.00 price objective on shares of PARINGA RESOURC/S in a report on Tuesday, July 23rd. Zacks Investment Research upgraded PARINGA RESOURC/S from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, October 2nd. Finally, Roth Capital decreased their price objective on PARINGA RESOURC/S to $15.00 and set a “buy” rating for the company in a report on Friday, September 27th.
PARINGA RESOURC/S Company Profile
Paringa Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in the United States. The company holds an interest in the Buck Creek Mine Complex located in the Illinois coal basin. As of June 30, 2018, it owned 40,751 gross acres of coal leases in Kentucky, the United States.
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