Broker snap: HSBC neutral on ENRC
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
HSBC has started coverage on the Kazakh mining company Eurasian Natural Resources Corporation with a 'neutral' stance and a 1,300p price target.
It noted a 90% rise in ENRC's share price since it joined the FTSE 100 in December.
(Article continues below)Advertisement
Ferralloys will continue to be ENRC's main earner, even as it expands production of iron ore, alumina and aluminium production, HSBC said.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
