SAR saracen mineral holdings limited
Add to My Watchlist 0.00% ! $4.69

BA-Merrill Lynch rates as Downgrade to Neutral from Buy, Low...

  1. DrPWU
    3,740 Posts.
    clock Created with Sketch.
    02/08/12
    10:24
    Post #: 10516780
    BA-Merrill Lynch rates as Downgrade to Neutral from Buy, Low Risk (3) - Target $0.55 (was $0.80). While June quarter production met expectations BA-ML notes guidance for the full year was weaker. To reflect the update the broker lowers earnings forecasts and price target.

    The Red October development may tae longer than previously expected and there appears a lack of underground ore to support production, so the broker downgrades to a Neutral rating.
    SAR Price at posting: 41.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Exploration drilling confirms large gold system at Abercromby Gold Project
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 017 – RBA holds the toppings
right-arrow Created with Sketch.
NEWS Rincon Lithium Project to be powered by 40MW energy infrastructure
right-arrow Created with Sketch.
NEWS Johns Lyng Group enters scheme implementation deed with PEP
right-arrow Created with Sketch.
CC9 Chariot to Acquire Majority Stake in a Nigerian Lithium Portfolio
right-arrow Created with Sketch.
NEWS Significant gold intercepts below Samat and Sorowar pits in resource drilling update
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.