GREY:RIOAF - Post Discussion
Post by
retiredcf on Jan 30, 2012 10:36am
CIBC World Markets
The below extract was taken from the cover page of CIBC's recently released Executive Summary on Base Metals
| We believe there is room for further share price appreciation given current valuations. We believe FM, LUN, & TCK.B on the large-cap side, and CS, III, & RIO on the junior producers/developers side would offer above-average returns during this rally. As of 1/29, we are upgrading ML to SO from SP. |
In addition to the recommendation for RIO, it is interesting that on 5 Jan 12, they released their analyst report on RIO where they rated it as a Sector Outperform with a target price of $5.00. Three weeks later, In the body of the new Executive Summary, they have already bumped this target again by 16% (from $5.00 to $5.80). GLTA.
Be the first to comment on this post