Emerald Resources New Bull Cautious on Parallel Projects

Dow Jones
09/18

0434 GMT - Top concerns of Emerald Resources' new bull, UBS, are the company's capital expenditure requirements and build time frames as it develops two projects concurrently. The company is "going from 1 to 3 mines in a hurry," UBS says in a note. However, publicly available studies on its projects "are non-existent, leaving few anchors on which to pin modeling assumptions." UBS worries management could be stretched by building and ramping up across two countries--Cambodia and Australia--at the same time, and that consensus expectations are too high. "Despite our more conservative build assumptions, the self-funded growth outlook still has the stock screening" with attractive upside, it says. It initiates coverage with a buy rating and A$8.75/share target. The stock is up 3.1% at A$7.02.

 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10