Guardian Metal Resources PLC American Depositary Shares, each representing five (5)’s Quiet Period To Expire on April 29th (NYSEAMERICAN:GMTL)

Guardian Metal Resources PLC American Depositary Shares, each representing five (5)’s (NYSEAMERICAN:GMTL) quiet period is set to end on Wednesday, April 29th. Guardian Metal Resources PLC American Depositary Shares, each representing five (5) had issued 4,444,400 shares in its initial public offering on March 20th. The total size of the offering was $59,999,400 based on an initial share price of $13.50. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of brokerages have commented on GMTL. DA Davidson upgraded shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) to a “strong-buy” rating in a report on Wednesday, April 15th. BMO Capital Markets assumed coverage on shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) in a report on Tuesday, April 14th. They issued an “outperform” rating on the stock. Finally, Maxim Group downgraded shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $30.00.

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) Trading Down 5.7%

Shares of GMTL stock opened at $19.00 on Wednesday. Guardian Metal Resources PLC American Depositary Shares, each representing five has a 1-year low of $12.89 and a 1-year high of $22.20.