Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (1660)	3/22/2007 7:07:15 PM
From: LoneClone	Respond to of 2131

Raymond James analyst Tom Meyer continues to rate the shares of Aur Resources Inc. (TSX-AUR) a market perform. His six- to 12-month target price of $27.00 remains unchanged. For the fourth quarter, ended December 31, 2006, Aur reported EPS of US$0.70, compared to the analyst's estimate of $0.68 and the consensus forecast of $0.73. The company's fiscal 2007 guidance has prompted Mr. Meyer to lower his fiscal 2007 EPS estimate to US$3.98 from $4.51. The analyst also notes that he has increased his operating cost estimate at Quebrada Blanca mine and changed his accounting approach for the Duck Pond mine hedge book. Mr. Meyer has also lowered his net asset value estimate to C$23.72 from $24.51. Meanwhile, the analyst continues to view Aur as "a conservatively run, low-risk copper producer," adding that the company's "strong cash generation cannot be ignored.." In terms of valuation, however, Mr. Meyer prefers First Quantum Minerals Ltd. (TSX-FM) and Inmet Mining Corporation (TSX-IMN) to Aur. Aur Resources Inc. is a mining and metal production company. It has interests in and operates the Andacollo mine and the Quebrada Blanca mine in Chile and the Duck Pond Mine in Newfoundland.