citi rec

AQP - AQUARIUS PLATINUM LIMITED
Citi rates AQP as Buy, High Risk (1) - The Dept of Resources decision to overturn the North West Province ruling on mining width means no major production impact For Aquarius Platinum.
However, the analysts feel that the safety issue will continue to hand over Aquarius performance.

While Citi is positive on AQP, the safety issue sees the broker lowering its target on the stock to $6.00.

Target price is $6.00 Current Price is $3.97 Difference: $2.03 If AQP meets the Citi target it will return approximately 51% (excluding dividends, fees and charges).

The company's fiscal year ends in June. Citi forecasts a full year FY10 dividend of 3.27 cents and EPS of 14.10 cents . At the last closing share price the estimated dividend yield is 0.82%.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.15.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values. Market Sentiment: 1.0