BMO Capital Believes Dalradian Resources (TSX: DNA) Still Has Room to Grow

By Austin Angelo

Dalradian Resources (TSX: DNA), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Buy rating from BMO Capital’s analyst David Gagliano, with a C$2 price target.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

Dalradian Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$2.25.

The company has a one year high of C$1.78 and a one year low of C$0.97. Currently, Dalradian Resources has an average volume of 376.3K.

Dalradian Resources, Inc. is an exploration company, which engages in the acquisition, exploration, and development of precious and base metals projects. Its exploration properties are located in Canada, Northern Ireland, and Norway. The company was founded on March 27, 2009 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at $1.66, close to its 52-week high of $1.78.