Ann: December Quarter 2009 Activities and Cash Fl, page-19

re: Ann: December Quarter 2009 Activities and... Looks like you can't please everyone but I guess their target price is still 65c -

Credit Suisse rates PNA as Underperform 25/01/2010 05:19PM
PNA - Pan Australian Resources Ltd
Throughput and recoveries improve in the December quarter and so in the broker's view the company posted a strong production result, though there are no immediate changes to its earnings forecasts.

While it retains its Underperform rating and $0.65 price target the broker suggests if copper prices remain supported and if the company can deliver on production growth there is some valuation upside.

Target price is $0.65 Current Price is $0.56 Difference:$0.09 - (brackets indicate current price is over target). If PNA meets the Credit Suisse target it will return approximately 16% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December.

Credit Suisse forecasts a full year FY09 dividend of 0.00 cents and EPS of 2.11 cents .

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.58