The company has provided guidance for 2019, which misses Deutsche Bank’s expectations on all fronts. First quarter production and full year production are below forecasts while cash costs are higher.
Realised pricing is also trending lower than the broker expected. Deutsche Bank maintains a Hold rating and $2 target.
Sector: Materials.
Target price is $2.00.Current Price is $1.74. Difference: $0.26 – (brackets indicate current price is over target). If SYR meets the Deutsche Bank target it will return approximately 13% (excluding dividends, fees and charges – negative figures indicate an expected loss).
