Dahlman Rose Starts Applied Minerals (AMNL) at Buy; Diverse Markets + Unique Mineral = Big Promise
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Price: $0.00 --0%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Dahlman Rose initiates coverage on Applied Minerals (OTC: AMNL) with a Buy. PT $6.00.
Dahlman analyst says, "We believe that Applied Minerals (AMNL) represents a unique opportunity in the chemical/material space with a novel naturally existing clay resource with broad spectrum capabilities in existing, large-scale markets."
"We derive our $6/share value through an NAV analysis, which discounts expected free cash flows generated from both the iron ore and halloysite. We apply a discount rate of over 15% to reflect the risk of penetrating and developing new markets. While we anticipate some markets will produce revenues quite rapidly, other markets will find a more challenging environment, as competition attempts to retain its position. While we see this as a natural progression for the business, we believe it is only a matter of time before this unique product penetrates key profitable markets."
For more ratings news on Applied Minerals click here and for the rating history of Applied Minerals click here.
Shares of Applied Minerals closed at $1.30 yesterday.
Dahlman analyst says, "We believe that Applied Minerals (AMNL) represents a unique opportunity in the chemical/material space with a novel naturally existing clay resource with broad spectrum capabilities in existing, large-scale markets."
"We derive our $6/share value through an NAV analysis, which discounts expected free cash flows generated from both the iron ore and halloysite. We apply a discount rate of over 15% to reflect the risk of penetrating and developing new markets. While we anticipate some markets will produce revenues quite rapidly, other markets will find a more challenging environment, as competition attempts to retain its position. While we see this as a natural progression for the business, we believe it is only a matter of time before this unique product penetrates key profitable markets."
For more ratings news on Applied Minerals click here and for the rating history of Applied Minerals click here.
Shares of Applied Minerals closed at $1.30 yesterday.
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