Credit Suisse has reviewed FX and commodity forecasts. Gold price assumptions are largely unchanged while copper price forecasts have been marginally revised higher.
The broker retains an Underperform rating and reduces the target to 77c from 80c.
Target price is $0.77.Current Price is $0.74. Difference: $0.03 – (brackets indicate current price is over target). If EVN meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).