I rarely trust broker analysis (been burned too many times) but for interest's sake here's the latest from Citibank on PRU:
It strikes me as interesting / very conservative that they are still using USD$1600 as their base case in gold long term to reach the $1.90 share price target. The gold price is currently 23% above that level plus Perseus has a significant amount of ounces hedged at just above USD$2000. Anyway, as I said, broker reports are always to be taken with (half) a grain of salt...
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Price($) | Vol. | No. |
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