AQG – UBS rates the stock as Buy

Target $6.30 (was $6.10). FY underlying profit came in 20% short of the broker, although underlying operating earnings were pretty much in line. Cash in hand was at $205m at the end of the year, and while there was no dividend, management did confirm the $70m special dividend would be paid from the Frog’s Leg sale proceeds.

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Alacer Gold's Re-Rating

Alacer Gold ((AQG)) has been among the preferred listed gold plays in Australia, the FNArena database showing the stock had been rated as a Buy by three of the five brokers offering coverage. This has increased to four positive views, as Macquarie has initiated coverage with an Outperform rating.

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