Sundance Resources Limited

( ASX:SDL ) - Materials


Analyst Views

SDL – Macquarie rates the stock as Neutral

The broker notes 2014 iron ore supply from the world’s top five producers looks set to be 86mt more than forecast, and the impact of low cost supply growth is occurring sooner and more significantly than the broker previously assumed. Australia has added half a Brazil in just nine months. The broker has subsequently cut its forecast 2014-19 prices by 5-20%.

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