Morningstar Reiterates “Buy” Rating for Energy Resources of Australia Limited (ERA)
Energy Resources of Australia Limited (ASX:ERA)‘s stock had its “buy” rating reaffirmed by investment analysts at Morningstar in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports.
Shares of Energy Resources of Australia Limited (ASX:ERA) traded up 1.29% on Thursday, hitting A$1.175. 63,348 shares of the company’s stock traded hands. Energy Resources of Australia Limited has a 52-week low of A$0.950 and a 52-week high of A$1.660. The stock’s 50-day moving average is A$1.24 and its 200-day moving average is A$1.31. The company’s market cap is A$608.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Energy Resources of Australia Limited in a research note to investors on Wednesday, January 29th.
Energy Resources of Australia Limited is an Australia-based uranium producer. The principal activities of the Company are mining, processing and sale of uranium.
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