GOR – Macquarie rates the stock as Downgrade to Neutral from Outperform

Macquarie downgrades to Neutral from Outperform as the target is now in line with the current share price. Target is $1.40.

Gruyere will continue to produce gold via the SAG mill and CIL circuits until the commissioning of the ball mill. Commissioning in a timely manner will influence 2019 production costs, the broker assesses, with further delays likely to push back nameplate production.

Sector: Materials.

Target price is $1.40.Current Price is $1.34. Difference: $0.06 – (brackets indicate current price is over target). If GOR meets the Macquarie target it will return approximately 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →