African Barrick Gold (LON:ABG) - ABG re-evaluated
Jul 18th 2012 - Edison Investment Research today published a report on African Barrick Gold (ABG.L, LSE:ABG, LON:ABG) entitled "ABG Re-evaluated". In summary, the report says:
African Barrick’s second quarter results are scheduled to be released on Monday 23 July at 0700 British Summer Time (GMT+1hr). At the time of its Q1 results, Edison forecast Q2 EPS of 8.4 US cents. Since then however, the gold price has declined by US$50/oz, to US$1,594/oz. In addition there has been some evidence of a hangover from the earlier power supply consistency problems at Buzwagi. As a result, Edison has now revised its Q2 EPS expectation to 6.3 US cents (excluding any effect from changes in inventory).
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
