WTF?This has got to be the most anaemic reaction to a very reassuring financial report. I've been looking for the bad news and haven't spotted it yet. MWS is making $1100/ounce profit, (not counting the Franco Nevada deal) EZ is still in the red to the tune of $150/ounce.
This company is on the verge of making money if it is not already and I don't think that's pumping. It's simple arithmetic.
The Macquarrie reaction is mind numbingly stupid and nothing in that set of financials justifies what they did. The analyst should be made to explain how his/her target was derived.