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Vault Minerals upgraded to Buy from Neutral at Goldman Sachs

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.

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