Bellevue Gold Ltd.
(BGL.AX)
Low cost plant expansion and mine optionality on high grade resource supports further upside; initiate at Buy
26 June 2024 | 12:37AM AESTWith BGL largely through initial ramp up, we see the business well positioned amongst mid-cap peers at ~200-250kozpa gold production, with higher average grades and stronger margin generation, where low cost mill expansion/underground optionality support further upside. We initiate with a Buy rating and 12-month PT of A$2.20/sh, implying c.22% upside.
Charts!, page-675
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Last
$1.79 |
Change
0.035(2.00%) |
Mkt cap ! $2.101B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.81 | $1.76 | $36.27M | 20.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 93529 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 203430 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BGL (ASX) Chart |