Jefferies analyst Mitch Ryan upgraded Gold Road Resources to Buy from Hold with a price target of A$1.80, up from A$1.70. Gold production was negatively affected in the quarter by delays in the mining sequence, but mining rates are forecast to improve in the coming quarters as the drill fleet is replaced, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ELKMF:
Questions or Comments about the article? Write to editor@tipranks.com