Share price went up very strongly only to come down very hard. Analysts believe takeover speculation is the culprit and guess what? They don’t see any reason why Bolnisi should be less attractive as a target today that it was yesterday.
Analysts talk about “strong corporate appeal” as they believe the Palmarejo project is a “quality asset in a very good location”. In addition, Guadalupe should offer exploration upside. Sector: Materials.
Target price is $3.75. Current Price is $2.61. Difference: $1.14 – (brackets indicate current price is over target). If BSG meets the Merrill Lynch target it will return approximately 30% (excluding dividends, fees and charges – negative figures indicate an expected loss).