Macquarie rates RRL as Neutral
Tuesday, July 12, 2016 - 11:17
The annual reserve update signals reserves have risen 6% and resources 5% after mining depletion of 330,000 ozs. Macquarie continues to envisage the company as a reliable performer amongst its peers.
The production outlook is stable, cash flow is solid and meaningful dividends are likely. That said, the broker considers the stock is fairly valued and retains a Neutral rating. Target is $4.00.
Macquarie Target is $4.00
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Last
$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $1.541B | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.06 | $2.02 | $4.922M | 2.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 156312 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |