Canaccord Genuity Reiterates a 'Buy' on Horsehead Holding (ZINC); New Plant to be Located in North Carolina
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Price: $26.58 -0.37%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Horsehead Holding (NASDAQ: ZINC) price target of $13.50.
Canaccord analyst, Eric Prouty, said, "We remain bullish on Horsehead as its new zinc plant, when completed, should position the company as one of the industry’s low-cost producers of zinc...Management has previously forecast that the new facility could be operational as early as Q3/13. The press release announcing the new site said that “construction could be completed as early as the third quarter of 2013,” which we assume to mean that this time frame is also when the plant would become operational."
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $9.86 yesterday.
Canaccord analyst, Eric Prouty, said, "We remain bullish on Horsehead as its new zinc plant, when completed, should position the company as one of the industry’s low-cost producers of zinc...Management has previously forecast that the new facility could be operational as early as Q3/13. The press release announcing the new site said that “construction could be completed as early as the third quarter of 2013,” which we assume to mean that this time frame is also when the plant would become operational."
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $9.86 yesterday.
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