macquarie research raises hardman resources (hdr.a

Macquarie Raises Hardman FY06 Forecasts

Sunday, July 31, 2005 8:01:57 PM ET
Dow Jones Newswires





0955 [Dow Jones] STOCK CALL: Macquarie Research raises Hardman Resources (HDR.AU) FY06 profit forecast by 5% due to expectations of higher interest income. Keeps outperform on HDR, says while stock has gained around 50% in past few months, sees further upside driven by exploration news flow over the second half of the year and the looming start-up of Chinguetti in early 2006. Targets A$2.51, HDR latest A$2.45. (LMF)