A strong Aussie dollar may make the sort term outlook a bit more challenging, Deutsche Bank analysts point out, but it would seem that all the rest is supportive of the company and its prospects.
The analysts highlight that, because of the company’s 57.3% stake in Nova Energy, it is also one of the beneficiaries from buoyant developments in the uranium sector.
Changes in long term gold price assumption and a re-valuation of Nova Energy have pushed up the share price target to $1.88 from $1.68.
Target price is $1.88. Current Price is $1.41. Difference: $0.48 – (brackets indicate current price is over target). If AGC meets the Deutsche Bank target it will return approximately 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).