Laurentian Bank Upgrades Avalon Rare Metals (AVL) to Buy; Updated Prefeasibility Study
Tweet
Share
E-mailGet Alerts AVL Hot Sheet
Price: $0.09 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Join SI Premium – FREE
Laurentian Bank upgraded Avalon Rare Metals (NYSE: AVL) from Hold to Buy. PT raised slightly to $8.80.
Laurentian analyst said, "From our prior discussions with management we had included several of the new assumptions, including the new resource estimate and increased ramp up speed. We did make several adjustments to our model including a slight increase in operating costs as well as two additional years of mine life. We had previously assumed that the production ramp up would be accelerated to one year from four, and factored in the processing of higher grade material in the early years of production based on new high-grade targets."
For more ratings news on Avalon Rare Metals click here and for the rating history of Avalon Rare Metals click here.
Shares of Avalon Rare Metals closed at $6.54 yesterday.
Laurentian analyst said, "From our prior discussions with management we had included several of the new assumptions, including the new resource estimate and increased ramp up speed. We did make several adjustments to our model including a slight increase in operating costs as well as two additional years of mine life. We had previously assumed that the production ramp up would be accelerated to one year from four, and factored in the processing of higher grade material in the early years of production based on new high-grade targets."
For more ratings news on Avalon Rare Metals click here and for the rating history of Avalon Rare Metals click here.
Shares of Avalon Rare Metals closed at $6.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Datadog (DDOG) to Overweight
- DZ Bank Upgrades MercadoLibre (MELI) to Buy
- Compass Point Upgrades Truist Financial (TFC) to Buy
Create E-mail Alert Related Categories
UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
