Jubilee Mines
Jubilee Mines (JBL) was the overall best performing Australian company taking in a 37.7 percent increase of its stock price this week. Among the best performing stocks for the week 45 of 2007 on the Australian sharemarket were a mixture of mining and retail: Harvey Norman (HVN), Paladin Energy (PDN), Oxiana (OXR), Jubilee Mines (JBM), Independence Group (IGO), Sally Malay (SMY). These best performing stocks for week 45 of 2007 recorded gains above 7.9 percent by the end of the trading week.
As another strong year for global resource stocks draws to a close, Macquarie Research Equities (MRE) analysts provide an overview of the resource sector for the year, and offer some insights into the outlook for 2007, as well as their recommendations and preferences for the year ahead.
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.
Interesting news... an Australian court has awarded a shareholder compensation as a result of actions by an ASX listed company...
Imagine getting compensation for the lack of disclosure by a company listed on a public stock exchange. That's what happened on the 6th of September 2006 with Jubilee Mines (JBM), a Western Australia nickel miner.
Read the rest of "Compensation for the Lack of Disclosure"...
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."
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