Deutsche Bank Reiterates Buy Rating for Syrah Resources (SYR)
Syrah Resources (ASX:SYR)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Sunday. They currently have a $6.20 price target on the stock.
Shares of Syrah Resources (ASX:SYR) opened at 5.500 on Friday. Syrah Resources has a 52-week low of A$1.950 and a 52-week high of A$5.990. The stock has a 50-day moving average of A$4.43 and a 200-day moving average of A$3.54. The company’s market cap is A$892.8 million.
Syrah Resources Limited is engaged in exploration activities in Africa and Australia. The Company’s exploration projects in South East Africa include Balama, Nachingwea, Tanzania HMS, Lunga, Mavuzi, Sasare North, Wembere, Ngamiland and Shikula.
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