Zinifex (ZFX) Stock Recommendation

Macquarie Research Equities (MRE) has a Neutral recommendation for Zinifex (ZFX) with a 12 month share price target of $11 per share. MRE has an expectation that zinc will be in a deficit for a number of years to come and the broker anticipates that "the zinc price will spike above US$1.50/lb later this year, and accordingly expect that Zinifex may trade above MRE’s 12 month price target". Zinifex stock price has increased 460 per cent in the past two years. Zinifex is listed on the Australian Stock Exchange (ASX) under stock code ZFX. Check your charts.