Jubilee Mines (JBM) Stock Recommendation

Submitted by Craig Strzelecki on 18 September, 2006 - 20:29

Macquarie Research Equities (MRE) have maintained their outperform recommendation for the Jubilee Mines NL (JBM) stock with a share price target of $10. JBM is the stock analyst's preferred nickel exposure due to the company's "high operating margins, healthy dividend yield and first class exploration track record leveraged into an aggressive drilling programme." "MRE see further share price catalysts to include further high-grade exploration success around Cosmos combined with an expected expansion to 17–20ktpa nickel in high-grade concentrate."

Jubilee Mines NL is listed on the Australian Stock Exchange (ASX) under stock code JBM. You can view their investor website here. JBM was listed on the ASX on 5 November, 1987. Jubilee Mines NL is involved in the exploration for minerals & oil, and the development of ore resources towards achieving production of minerals and oil from those ore resources. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!