ORE – Credit Suisse rates the stock as Outperform

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Credit Suisse observes the company is making progress on what it can control. Production in the December quarter was marginally ahead of the FY20 budget.

The broker likes the improved cost controls and the prospect of further incremental gains.

The soft macro environment remains the biggest influence on the share price and the risk still appears to the downside.

Credit Suisse maintains an Outperform rating and $4.45 target.

Sector: Materials.

Target price is $4.45.Current Price is $3.16. Difference: $1.29 – (brackets indicate current price is over target). If ORE meets the Credit Suisse target it will return approximately 29% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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