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Aureus Mining’s stock has had its “buy” rating stated by analysts at FinnCap. The exploration and development-stage firm announced that it has completed $21.5m of fundraising to strengthen its balance sheet and “allow for accelerated mining at its New Liberty gold mine in Liberia”, the analysts said. The analysts reduced their target price to 16p.
Following on from the positive news last week of an agreement with Belgian firm Solvay, the chemical technologies group announced strong interim results. Analysts at Numis reiterated their “buy” rating, and set a target price to 117p. They said “Accsys is well place to develop the market for its unique products and therefore crystallise substantial value for shareholders”.
Despite Johnson Matthey’s pleasing results for the first half of the year, which included a special dividend of 150p, analysts at investment bank Liberum said they are “unconvinced that the earnings cycle will be turning up anytime soon.” The broker gave the company a hold rating and a target share price of 2940p, pointing out that, although the shares were initially oversold, they are now trading close to fair value.