The following Analyst recommendations are for AGO:-
BA-Merrill Lynch - Buy CIMB Securities - Buy Credit Suisse - Out Perform JP Morgan Chase - Overweight UBS - Buy CBA - Buy Bank of America - Buy
AGO has attractive valuation measures and strong balance sheets. It is currently trading well below book value and has a book value per share of $1.75 and you can pick these shares up these up now for $0.745. In addition the company has more cash on hand as of the most recent quarter than total debt. The company also could be a potential takeover target should market conditions continue to deteriorate. With Iron ore increasing in price to around AU$130, AGO is definitely undervalued at this price and certainly is a buy.
AGO Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
