Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Consumer Cyclical Metals & Mining Industrial Metals & Minerals

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.

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Eastern Platinum Ltd.

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Post by fumperbunon Mar 19, 2013 10:52pm

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Eastern Platinum Downgraded to Market Perform at R

https://www.mideasttime.com/eastern-platinum-downgraded-to-market-perform-at-raymond-james-elr/4362/

Eastern Platinum Downgraded to Market Perform at Raymond James (ELR)

Posted by: Ghasem AbdullahianPosted date: March 19, 2013In: Analyst Articles - CA, Markets

Raymond James lowered shares of Eastern Platinum (TSE: ELR) from an outperform rating to a market perform rating in a report released on Friday. Raymond James currently has $0.30 target price on the stock, down from their previous target price of $0.35.

Eastern Platinum (TSE: ELR) opened at 0.17 on Friday. Eastern Platinum has a 52-week low of $0.12 and a 52-week high of $0.49. The stock’s 50-day moving average is currently $0.19. The company’s market cap is $157.7 million.

Eastern Platinum Limited (TSE: ELR) is a platinum group metals producer. The Company is engaged in the acquisition, exploration, development and production of platinum group metal (PGM) with interests in four PGM projects in the western and eastern limbs of the BC in South Africa: Crocodile River Mine (CRM), the Kennedy’s Vale Project, the Spitzkop PGM Project and the Mareesburg PGM Project.