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Analysts at Sterne Agee lifted their price objective on shares of Iao Kun Group Holding (NASDAQ:IKGH) from $5.50 to $5.90 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective points to a potential upside of 84.95% from the company’s current price.

Iao Kun Group Holding (NASDAQ:IKGH) traded up 4.08% on Friday, hitting $3.32. The stock had a trading volume of 127,268 shares. Iao Kun Group Holding has a one year low of $2.57 and a one year high of $4.37. The stock has a 50-day moving average of $3.09 and a 200-day moving average of $3.07. The company has a market cap of $192.2 million and a P/E ratio of 31.90.

Iao Kun Group Holding (NASDAQ:IKGH) last announced its earnings results on Thursday, May 29th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.27. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $64.35 million. The company’s quarterly revenue was up 24.1% on a year-over-year basis.

Iao Kun Group Holding Co Ltd, formerly Asia Entertainment & Resources Ltd. is a holding company that conducts its primary business operations through its wholly owned subsidiary, Asia Gaming & Resort Limited (NASDAQ:IKGH), and its subsidiaries.

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