Australian Broker Call ReportGXYTARGET PRICE $4.20Upgrade to...

Australian Broker Call Report

GXY TARGET PRICE$4.20	Upgrade to Outperform from Underperform 13 Apr 2021 Macquarie
Macquarie believes the earnings outlook has been transformed by material upgrades to the outlook for lithium and spodumene prices. Earnings estimates have been more than doubled for the next five ...

GXY TARGET PRICE$3.80	Buy 13 Apr 2021 Ord Minnett
Galaxy Resources' spodumene concentrate production of 46,600t was largely in line with Ord Minnett's expectations. Sales of 29,900t were lower as a shipment was delayed to the June quarter...

GXY TARGET PRICE$3.10	Neutral 19 Mar 2021 Citi
Citi's visit to Galaxy Resources' Mt Cattlin site showed operations back at full capacity and with a quick turnaround. As observed by Citi, customers seem willing to accept lower ...

GXY TARGET PRICE$1.50	Underweight 10 Mar 2021 Morgan Stanley
Galaxy Resources has announced the results of its assessment of the James Bay project. The assessment is in line with Morgan Stanley's expectations. The company intends to integrate the ...