Fundamental Research Sticks to Their Buy Rating for Inception Mining Inc (IMII)

By Carrie Williams

In a report issued on September 4, Siddharth Rajeev from Fundamental Research maintained a Buy rating on Inception Mining Inc (IMIIResearch Report), with a price target of $0.32. The company’s shares closed last Monday at $0.08, close to its 52-week low of $0.00.

According to TipRanks.com, Rajeev is ranked #5318 out of 5540 analysts.

Currently, the analyst consensus on Inception Mining Inc is a Moderate Buy with an average price target of $0.32.

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Based on Inception Mining Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.37 million. In comparison, last year the company had a GAAP net loss of $784.9K.

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Inception Mining, Inc. is engaged in the production, acquisition, exploration, and development of mineral properties. It operates through the UP and Burlington Gold mine, and Clavo Rico mine projects. The company was founded on July 2, 2007 and is headquartered in Murray, UT.