Jul 04th 2012 - Edison Investment Research today published a report on update entitled "Delivering On Growth Expectations". In summary, the report says:
Nordgold is one of the largest emerging markets gold players, with key operating assets in Russia, Kazakhstan and West Africa. The company is looking to boost its gold output to 1.3Moz by 2015 (0.8Moz in 2011), which should be achieved through the expansion of the existing operations and commissioning of new mines. Our DCF derived target of US$6.8 is 31% above the current market price. An undemanding valuation coupled with a strong growth profile makes the stock an attractive investment proposition.
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