Dahlman Rose Maintains a 'Hold' on Avalon Rare Metals (AVL); Moving Closer To Removing Significant Level of Risk
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Price: $0.09 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Dahlman Rose maintains a 'Hold' on Avalon Rare Metals (NYSE: AVL).
Analyst, Anthony Young, said, "AVL announced the initial definition of Measured Mineral Resources at the company's flagship Nechalacho deposit at Thor Lake, based on exploration drilling completed through 2011...This is a key milestone as the company progresses with the development of the Nechalacho project; a Feasibility Study is expected to commence later in the year following the completion of additional drilling programs that begin this month. In our opinion, the completion of this study, anticipated for 2Q13, should remove a meaningful level of risk from an investment in AVL shares."
For an analyst ratings summary and ratings history on Avalon Rare Metals click here. For more ratings news on Avalon Rare Metals click here.
Shares of Avalon Rare Metals closed at $1.49 yesterday.
Analyst, Anthony Young, said, "AVL announced the initial definition of Measured Mineral Resources at the company's flagship Nechalacho deposit at Thor Lake, based on exploration drilling completed through 2011...This is a key milestone as the company progresses with the development of the Nechalacho project; a Feasibility Study is expected to commence later in the year following the completion of additional drilling programs that begin this month. In our opinion, the completion of this study, anticipated for 2Q13, should remove a meaningful level of risk from an investment in AVL shares."
For an analyst ratings summary and ratings history on Avalon Rare Metals click here. For more ratings news on Avalon Rare Metals click here.
Shares of Avalon Rare Metals closed at $1.49 yesterday.
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