BMO Capital Initiates a Buy Rating on Liberty Gold (LGDTF)

Liberty Gold (LGDTF – Research Report) received a Buy rating and price target from BMO Capital analyst Brian Quast today. The company’s shares closed yesterday at $0.31.

Quast covers the Basic Materials sector, focusing on stocks such as B2Gold, Eldorado Gold, and New Gold. According to TipRanks, Quast has an average return of 5.7% and a 48.00% success rate on recommended stocks.

Liberty Gold has an analyst consensus of Moderate Buy, with a price target consensus of $1.14.

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Based on Liberty Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.84 million. In comparison, last year the company had a GAAP net loss of $8.02 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LGDTF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Liberty Gold Corp. is engages in the acquisition, exploration and development of mineral properties for gold, copper and other precious and base metals. Its projects include Kinsley, Goldstrike, TV Tower, Black Pine and Halilaga which are located in Turkey, Nevada and Utah. The company was founded on November 18, 2010 and is headquartered in Vancouver, Canada.

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