Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Sky Metals Limited, an Australian entity, specializes in the exploration and development of mineral resources. The company's primary focus is on discovering deposits of various metals, including gold, copper, tin, tungsten, bismuth, indium, nickel, cobalt, silver, lead, and zinc. It possesses interests in numerous projects across New South Wales, such as Cullarin, Caledonian, Galwadgere, Iron Duke, Doradilla, Tallebung, Tirrana, Narraih, New England, and Kangiara. Incorporated in 2001, Sky Metals Limited operates from its base in Orange, Australia, having previously traded as Planet Gas Limited until its name change in June 2019.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers.
Target Price
The average target price of SKY.AX is 0.31 and suggests 34.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in