fn arean today
LHG - LIHIR GOLD LIMITED
Deutsche Bank rates LHG as Buy - The broker suggests the entitlement and placement offer is "overwhelmingly positive" for LHG. With no debt and no hedge, LHG becomes a pure play gold stock. The broker assumes a 10% discount for the placement, putting that at $3.02.
Target rises from $3.41 to $3.88.
Target price is $3.88 Current Price is $3.36 Difference:$0.52 - (brackets indicate current price is over target). If LHG meets the Deutsche Bank target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in December. Deutsche Bank forecasts a full year FY07 dividend of 2.00 cents and EPS of 9.00 cents . At the last closing share price the estimated dividend yield is 0.60%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 37.33.
LHG
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