Bell Potter analyst Regan Burrows maintained a Buy rating on Lotus Resources Limited (LOT - Research Report) yesterday and set a price target of A$0.50. The company's shares closed yesterday at A$0.29.

According to TipRanks, Burrows is a 3-star analyst with an average return of 3.6% and a 46.51% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lotus Resources Limited with a A$0.50 average price target, a 75.44% upside from current levels. In a report released on October 10, Petra Capital also maintained a Buy rating on the stock with a A$0.36 price target.

The company has a one-year high of A$0.49 and a one-year low of A$0.20. Currently, Lotus Resources Limited has an average volume of 8.79M.

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Lotus Resources Limited (LOT) Company Description:

Lotus Resources Ltd is a mineral exploration company engaged in the development of interests in exploration and development projects in the resource industry in Australia and Malawi. Its operates in two geographical and business segments, that is Africa (Uranium) and Australia (Minerals). It holds an interest in the Kayelekera Uranium Project located in northern Malawi, 52km west (by road) of the provincial town of Karonga and 12km south of the main road that connects Karonga with the township of Chitipa to the west, and Hylea Cobalt Project is located over units of the western side of the Lachlan Orogen.