Analyst: Seymour Pierce Subject: Europe Rating: Buy
NEW YORK, June 27 (dailywallstreet.com) - Analysts at Seymour Pierce maintain their "buy" rating on AIM Resources (ticker: RS7). The target price is set to 16p.
In a research note dated June 26 and published this morning, the analysts mention that the company is building a zinc project in Burkina Faso, for which it would need to raise funds in the near term. AIM Resources' stock is significantly undervalued due to concerns surrounding the financing of the project and a possible dilution of the company's equity, the analysts say. Although metal prices are currently unstable, zinc prices are expected to remain strong, Seymour Pierce adds.
d.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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