Automotive Finco Corp Gets a Buy Rating from Canaccord Genuity

By Austin Angelo

The Financial sector company, Automotive Finco Corp (TSXV: AFCC), has received a rating update from a Wall Street analyst today. Analyst Raveel Afzaal from Canaccord Genuity rated Automotive Finco Corp (TSXV: AFCC) a Buy, setting a C$3.75 price target.

According to TipRanks.com, Afzaal is ranked #2212 out of 4600 analysts.

Automotive Finco Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$3.75.

Based on Automotive Finco Corp’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of C$0 and GAAP net loss of C$439.7K. In comparison, last year the company earned revenue of C$0 and had a GAAP net loss of C$297.6K.

Automotive Finco Corp. is an exploration stage company, which engages in the exploration and development of mineral properties. Its portfolio includes the following properties: Duncan Lake ore property, Yasinski polymetallic exploration property, and Kali project. The company was founded on December 5, 1986 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at $2.45.