Morgans downgrades Liontown Resources Limited (LIS) to a Sell
In a report released today, Annabelle Sleeman from Morgans downgraded Liontown Resources Limited (LIS – Research Report) to a Sell, with a price target of A$0.52. The company's shares closed last Friday at €0.36.
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According to TipRanks, Sleeman is an analyst with an average return of -14.7% and a 33.33% success rate. Sleeman covers the Basic Materials sector, focusing on stocks such as Evolution Mining , Liontown Resources Limited, and Mineral Resources Limited.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Liontown Resources Limited with a €0.31 average price target.
Based on Liontown Resources Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €100.41 million and a GAAP net loss of €15.24 million. In comparison, last year the company earned a revenue of €25 thousand and had a GAAP net loss of €31.02 million
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIS in relation to earlier this year.
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