WSA 0.00% $3.86 western areas limited

Below fyi is the summary from this morning's research note on...

  1. 139 Posts.
    Below fyi is the summary from this morning's research note on WSA from Wilson HTM securities following the Flying Fox upgrade - they still appear to see WSA as overpriced:

    "We maintain our HOLD recommendation with unchanged valuation and target price of A$4.19/share and A$4.30/share respectively. The revised resource for T4/T5, as well as the initial resource for T6/T7, further confirms the prospectivity of Forrestania exploration potential. However we believe the exploration upside has already been factored into the current share price. After substituting the current spot price for our pricing, the DCF valuation and target price reduce to A$3.90/share and A$4.00/share respectively".

 
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Currently unlisted public company.

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