UBS has put a sell on BDR today, reference FNArena.
Quote: September quarter production almost doubled on the prior quarter but remained below UBS forecasts.
With a lack of asset diversification and a predominately Brazilian real cost base, the broker believes a premium valuation is hard to justify. Sell rating retained. Target is 35c.
Im long in goodies (EVN, ERM, BLK, EXU) so I've sold BDR, to spend elsewhere
Good luck everyone
BDR Price at posting:
45.8¢ Sentiment: None Disclosure: Not Held
