LGL - RBS Australia rates the stock as Hold
BY BROKER NEWS - 29/07/2010
Get More Commentary, Dicussion & Market Information On -
• LGL - LIHIR GOLD LIMITED
The June production report disappointed due to a larger than anticipated impact from maintenance. However, RBS has lifted its estimates, and by quite some margin, due to increased gold price forecasts.
For investors looking for commodity exposure in their portfolio, RBS analysts reiterate they continue preferring bulk commodity and copper exposures, such as BHP Billiton ((BHP)), Rio Tinto ((RIO)), Fortescue ((FMG)) and OZ Minerals ((OZL)), and not so much the larger gold producers in Australia.
Hold rating remains in place but the price target has climbed to $4.05 from $3.73.
Sector: Materials.
Target price is $4.04.Current Price is $4.06. Difference: ($0.02) - (brackets indicate current price is over target). If LGL meets the RBS Australia target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).
| Sponsored Links |
 |
|
FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve. |
The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
