Broker snap: UBS slashes mining target prices after gold, silver downgrades
3rd Dec 2013 10:10
UBS has slashed target prices across the mining sector after downgrading its gold and silver price forecasts for 2014 and 2015. The bank said it now sees few positive catalysts for precious metal prices over the medium term, with the Federal Reserve expected to start tapering quantitative easing in
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreBroker tips: European banks, Kazakhmys, Aquarius Platinum
24th Oct 2013 11:48
Creidit Suisse believes that the new round of stress tests by the European Central Bank (ECB) should improve confidence in European banks as it reiterated its 'overweight' position on the sector. "At this early stage we reiterate our view that if the ECB review provides transparent enough disclosur
Read moreBroker snap: Investec downgrades Aquarius Platinum to 'sell'
24th Oct 2013 11:45
Investec has downgraded its rating for South Africa-focused miner Aquarius Platinum from 'hold' to 'sell', saying that the company's first-quarter financials on Thursday 'reflect a business which is still struggling'. The company said that underlying earnings totalled $6.3m in the three months to S
Read moreThursday broker round-up UPDATE
24th Oct 2013 09:25
Aquarius Platinum: Investec lowers target price from 48p to 42p and downgrades from hold to sell. ASOS: Citi increases target price from 5800p to 7000p reiterating its buy recommendation. BHP Billiton: Jefferies raises target price from 2350p to 2400p and keeps a buy recommendation. Clinigen: Inv
Read moreBroker snap: HSBC upgrades Antofagasta, lifts copper prices
17th Oct 2013 14:02
HSBC has raised its recommendation for Chile-based copper mining group Antofagasta from 'neutral' to 'overweight' as it lifted its target price for the commodity. The bank reportedly raised its 2014 forecast for copper from $7,250 to $7,750 a metric tonne, saying that supply concerns have been "ove
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreAquarius Platinum calls halt after female employee found dead in mine
9th Oct 2013 10:50
Aquarius Platinum has suspended blasting activities after the dead body of a female employee was found at its South African mine. The company said police had begun an investigation as it was apparent that the woman "may have been assaulted," when the discovery was made in the early hours of Wednesd
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreBroker tips: M&S, Pearson, Platinum miners
9th Jul 2013 11:23
Marks & Spencer is on the cusp of turning around its struggling General Merchandise (GM) division, according to Panmure Gordon which has maintained its 'buy' rating and 516p target price for the stock after a first-quarter trading update on Tuesday. The broker said: "We are positive on MKS for four
Read moreBroker snap: Westhouse lifts platinum miners Lonmin and Aquarius
9th Jul 2013 10:57
Share prices of platinum mining peers Lonmin and Aquarius Platinum received a boost on Tuesday morning after Westhouse Securities removed its 'sell' ratings on both stocks. The move came after site visits to the companies' South African platinum assets, where it gained insight into current labour s
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