From Victor (different numbers than Gill)
Globe says analyst lowers targets for Aur Resources
2006-02-14 08:13 ET - In the News
The Globe and Mail reports in its Feb. 14 edition that Aur Resources shares fell 86 cents to $13.43 on the Toronto Stock Exchange on Feb. 13. The Globe's Roma Luciw writes that investors are reacting to suggestions that Aur will see lower profits. In 2005, Aur had record earnings of $142.3-million (U.S.), driven primarily by a copper rally. However, a mine closure in Quebec and higher costs will make this difficult to repeat. BMO Nesbitt Burns analyst Victor Lazarovici expects 2006 copper shipments will fall to 167 million pounds. This would be a 13-per-cent drop from 2005 levels. He trimmed his 2006 and 2007 targets for earnings per share by $1.27 and $1.76, respectively.