DB is sitting on the fence:
The broker notes the company has increased the reserve at its Mount Weld deposit, with Deutsche estimating the new reserve should help sustain production for over 25 years. The broker was kind of expecting the news, or something like it and its forecasts remain unchanged.
While the ability to grow the reserve base is nice, the broker thinks funding, rare earth prices and the ability to get concentrate into Malaysia and start commissioning are more important issues. Hold call maintained.
Target price is $0.85 Current Price is $0.88 Difference:($0.03) - (brackets indicate current price is over target). If LYC meets the Deutsche Bank target it will return approximately - 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Deutsche Bank forecasts a full year FY12 dividend of 0.00 cents and EPS of -5.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is -17.50.
Market sentiment:
0.6
deutsche bank view
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.29 |
Change
-0.010(0.16%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.37 | $6.29 | $15.63M | 2.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1079 | $6.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 10515 | 3 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |