TSX:LSG.DB - Post by User
Post by
smartplay22on Jun 08, 2015 8:03am
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Post# 23806203
Price Target
Price Target Our view RBC: We are upgrading LGS to Outperform from Underperform and our target improves from $1.10 to $1.80/sh. LSG is generating free cash flow at $1,200 and with capital spending discipline we forecast sufficient cash to repay the $103.5M convertible debenture due in 2017. The 144 Zone exploration success could extend the reserve life materially and we expect the shares to continue to outperform its peers. We are also removing our Speculative Risk qualifier. Key points: