GXY - GALAXY RESOURCES LIMITEDMorgan Stanley rates GXY as Equal-weight (3) - The company has executed a binding agreement with POSCO to sell a package of tenements on the northern basin of Salar del Hombre Muerto for US$280m. Morgan Stanley suggests the deal could add around $0.90 per share to its base case valuation.
Equal-weight rating. Target is $2.80. Industry View: In-Line. Target price is $2.95 Current Price is $2.93 Difference: $0.02 If GXY meets the Morgan Stanley target it will return approximately 1% (excluding dividends, fees and charges). Current consensus price target is $3.61, suggesting upside of 23.2%(ex-dividends)The company's fiscal year ends in December. Forecast for FY18: Morgan Stanley forecasts a full year FY18 EPS of 10.00 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.30. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 11.7, implying annual growth of 27757.1%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 25.0.Forecast for FY19: Morgan Stanley forecasts a full year FY19 EPS of 9.00 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.56. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 12.7, implying annual growth of 8.5%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 23.1. Market Sentiment: 0.6All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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GXY Price at posting:
$2.93 Sentiment: Hold Disclosure: Held
