Credit Suisse rates OXR as Neutral - Oxiana is due to announce its first quarter (March quarter) production report on April 16th, and analysts at Credit Suisse suggest production for Sepon is expected to be generally solid while for Prominent Hill exploration results may be updated based on resource expansion drilling. At Golden Grove, higher copper production and price on lower zinc production should generate low reported zinc costs below the full-year forecast.
Analysts from Credit Suisse also suggested that timing of the scheme document for the Zinifex ((ZFX)) merger may be updated. The rating and target price on this stock are unchanged.
Target price is $4.35 Current Price is $3.19 Difference:$1.16 - (brackets indicate current price is over target). If OXR meets the Credit Suisse target it will return approximately 36% (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 FY08 dividend of 8.00 cents and EPS of 23.10 cents . At the last closing share price the estimated dividend yield is 2.51%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.81.
**** Just keep buying this stock for anticipated good SP return in 12 months time (along with dividends) !!!
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
