Goldman Sachs upgraded Vault Minerals (REDLF) to Buy from Neutral with a A$6.30 price target The company is relatively more exposed to the ongoing diesel issues, but the firm sees this more than priced in, the analyst tells investors in a research note. Goldman is further citing the combination of stabilizing production, growing free cash flow yields and capital management, which continue to support Vault Minerals’ relative valuation.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REDLF:
- Macquarie Corrects Substantial Holding Figures in Vault Minerals Without Changing Voting Power
- Vault Minerals Halts King of the Hills Operations After Fatal Site Incident
- Vault Minerals Cancels 6.6 Million Shares in On-Market Buy-Back
- Vault Minerals Reports Lapse of 276,614 Performance Rights
- Vault Minerals Updates Market on Progress of On-Market Share Buy-Back