Interesting that not all analysts are worried about oversupply issues. News on the wire service shows ORE have just had their target price raised by 30%.
DJ Orocobre Ltd Price Target Raised to C$9.10/Share From C$7.00 by Eight Capital
Ratings actions from Baystreet: http://www.baystreet.ca
(END) Dow Jones Newswires
January 22, 2018 12:03 ET (17:03 GMT)
No doubt the analysts can see a big disconnect between current share price and analysts target prices for all the Li producers. It's just a matter of time before the momentum switches. And, as we have seen time & time again, the momentum switches are swift and sudden. Don't be caught out!!!
GXY Price at posting:
$3.45 Sentiment: None Disclosure: Held
