Jubilee Mines (JBM) Shares Tip

Jubilee Mines (JBM) have an Outperform shares recommendation and a share price target of $14.50 from stock analyst Macquarie Research Equities (MRE). The analyst continue to be medium and long term resource bulls. However MRE are increasingly of the view that the short term outlook for the various commodities is more clouded than it has been for some time, which is likely to drive increasing volatility and divergent performance across the metals complex. Given MRE's stainless steel driven view that nickel prices should edge back towards US$10/lb in 1H07 (a significant drop from the current US$15.60/lb spot price!), and in spite of the corporate activity we have witnessed at the top end of the global nickel sector, MRE have decided to reconsider their recommendations for the nickel space. Jubilee Mines remains a high quality, high growth investment in nickel assets that are expected to yield significant exploration success over the coming 12 months. A previous Jubilee Mines (JBL) stock recommendation.

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. You can use Instalment Warrants to trade JBL. Browse for other broker recommendations. Check your charts and good luck with your share trading!