Cantor : Buy with 32p target



Cantor has a 32p target price and says OMI beat its cost guidance by 18%:

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"Orosur maintained guidance for the current year at 35,000 to 40,000 oz of gold at operating cash costs of between US$800 - US$900/oz.

Cantor Fitzgerald said Orosur beat cost guidance by 18% and with the new underground mine at San Gregorio West and its ongoing exploration programme in and around its existing operations in Uruguay it is well- placed.

‘Buy’ is its recommendation with a target price of 32p."


Yes, I think the shares have been continuously drifting below the analysts expectation since the target of 85p in early 2013, OMI has I think been a continuous buy recommendation with the expected price mostly way above the share price, as now, but sadly the share price, unlike expectation, is way down over the period, though recovered a bit so far this year…