IS YOUR VIEW OF PETER HAMBRO MINING BOOSTED BY THE GOLD RUSH?
CHARLIE GIBSON EDISON RESEARCH
The update is good stuff and is in-line with what they outlined in terms of full-year goals. There are no details on costs but those will come with the interims in about a month. I think the stock is still a ‘Hold’ for now, unless you believe the gold price is going to continue to rise, as the share price has risen a lot in the last few months.
DOMINIC O’KANE LIBERUM CAPITAL
This provides further confidence the firm may finally be delivering on its ambitious production targets. We
continue to view the company’s valuation as anomalous given that it has now de-leveraged, raised production guidance and has forgotten iron ore projects. In our view this is a standout ‘Buy’ in the precious metals space.
IVOR PETHER ROYAL LONDON ASSET MANAGEMENT
The firm is on a low rating verses the other London miners, so you can certainly see a relative-value argument for buying the stock. But we’re sticking to more mainstream holdings and see more value in the diversified miners. I’m not particularly a fan of gold, but I would certainly
consider Peter Hambro if I wanted gold exposure.