Dow Jones market Comment, following Macquarie price target downgrade:
0131 GMT - The ramp-up of Metals X's new Nifty copper mine isn't keeping up with expectations despite improving output. While F1Q production rose 22% sequentially, output was 19% below Macquarie's forecast amid lower tons and weaker grades. It adds that the company's year-end production-rate target now appears "more likely in mid-to-late 2019." The investment bank's stock target falls 6% cut to A$0.80, and shares are down 9.9% at A$0.455, hitting levels last seen at the start of 2015. They've sunk 56% this year, including 23% just this month. ([email protected]; @RhiannonHoyle)
(END) Dow Jones Newswires
October 14, 2018 21:31 ET (01:31 GMT)
This sort of thing gives brokers a good reason to sell and put their clients into other stocks with more immediate/compelling upside potential, incidentally generating brokerage income for them.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
Dow Jones market Comment, following Macquarie price target...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
|
|||||
Last
44.5¢ |
Change
-0.020(4.30%) |
Mkt cap ! $403.2M |
Open | High | Low | Value | Volume |
45.5¢ | 45.5¢ | 43.0¢ | $1.110M | 2.503M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 80811 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 19456 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27345 | 0.435 |
8 | 45618 | 0.430 |
3 | 67000 | 0.425 |
3 | 8380 | 0.420 |
2 | 60000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 10923 | 1 |
0.450 | 78851 | 2 |
0.460 | 15946 | 1 |
0.470 | 81369 | 2 |
0.475 | 35438 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |