Jefferies upgraded Gold Road Resources to Buy from Hold with a price target of A$2, down from A$2.10. 2024 production guidance was downgraded as ongoing labor availability, specifically for drill and blast. has negatively impacted the outlook, the analyst noted. However, given the issues are likely temporary in nature, and following a resetting of expectations, the firm believes the selloff in shares has been “overdone” and presents a buying opportunity.
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