Merrill Lynch rates the stock as Sell, High Risk - The broker retains its rating after recent share price weakness as in its view the share price fall doesn''t match the recent fall in zinc prices - it suggests at a zinc price of 140c/lb the shares should be $13.50-$14.50.
It sees a likely rebound in the zinc price in the second quarter but still expects zinc prices to fall longer term as supply increases.
