Below are some broker comments on AGO this morning:
Note the negative ROE compared to BCI's +40% and the brokers still have it as a buy.
Bodes well for BCI...
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Atlas Iron (AGO 77) – Is deciding whether to build a new mine in Australia's Pilbara region by the end of next month. The company is aiming to produce 15mt of iron ore a year by the end of 2015 and has received final approvals to build the Mt Webber mine.
FUNDAMENTAL: ROE of -2%, no yield, strong earnings growth is expected for this year buy there are no forecasts for the FY14. Not investment grade for us pure trading stock.
TECHNICAL: Share price is in a long term down trend.
BROKER STUFF
Merrill Lynch have a Buy recommendation with a target price of 186c. The valuation is cut slightly but there are no changes to the recommendation or target price.
UBS have a Buy recommendation with a target price of 140c. No changes to the recommendation or target price.
Baillieu Holst have hold their Buy recommendation with a target price of 110c.
Below are some broker comments on AGO this morning:Note the...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $721.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $16.82K | 67.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 82836 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 263607 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |