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
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $355.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $357.4K | 1.722M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121951 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 888884 | 20 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |