BGL 0.31% $1.63 bellevue gold limited

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    BELLEVUE (ASX:BGL)

    Reporting Date: 18/04
    Market Cap: $2.27 billion
    What the experts say:
    “BGL expects to declare commercial production in the JuneQ.
    “The GDX index [VanEck Gold Miners AUD ETF (ASX: GDX)] rebalance announcement will occur on 14 June. If BGL has declared commercial production by then, it should be added to the index. The GDX could buy ~5% of BGL shares in our view.
    “Our new combined price target is A$2.10/sh.”
    RBC Capital Markets.
 
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