RIV - UBS rates the stock as Buy
BY BROKER NEWS - 29/07/2010
Get More Commentary, Dicussion & Market Information On -
• RIV - RIVERSDALE MINING LIMITED
June quarter production was 10% below UBS expectations, although sales were 14% higher due to inventory draw down.
While this leads to short term earnings downgrades, the analysts are quick to point out that this is immaterial to long term value.
Sector: Materials.
Target price is $11.50.Current Price is $10.28. Difference: $1.22 - (brackets indicate current price is over target). If RIV meets the UBS target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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