Macquarie rates AMI as Outperform
6 June 2019
Source: FN Arena
Aurelia Metals' update indicated an increase in capex for the Peak lead-zinc circuit, increased exploration spend and a deferral of the Nymagee pre-feasibility study. Unfavourable results lead the broker to reduce its valuation of Nymagee, while at the same time extending Hera' s mine life by one year as suggested in the update.
Grades at Chronos will be key to reaching production guidance, the broker suggests. Outperform retained, target falls to 85c from $1.00.
Target price is $0.85.Current Price is $0.60. Difference: $0.25 - (brackets indicate current price is over target). If AMI meets the Macquarie target it will return approximately 29% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Broker Comment
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $321.0M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $564.1K | 2.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 568354 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 2143174 | 14 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
18.5¢ |
Change
-0.005 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.3¢ | 18.5¢ | 1440247 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| AMI (ASX) Chart |