By Nigel Somerville | Thursday 20 February 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A gander at the website of AIM-listed Turkish gold-producer Ariana Resources (AAU) revealed a note from house broker Panmure Gordon, which has again upped its target from 3.6p to a new mark of 4.37p. Of course, as house broker, Panumure is effectively paid to put a good gloss on its clients but it has hardly been ramping the shares in recent years and as far as I can see there is already huge upside to that valuation, based of Panmure’s own numbers.
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