One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of €14.77 ($19.19).
The Carley Bore project currently has an inferred resource of 23-million tons, grading 330 parts per million. However, an additional exploration target of between 15-million and 25-million tons of U3O8 remains, with the potential to add further value to the project.
Pampa Energía’s distribution subsidiary Edenor posted a net loss of 510mn pesos in the first quarter of 2013 compared to a 90.7mn-peso loss in 1Q12, primarily due to an increase in operating expenses and the divestiture of Aeseba.
BNP Paribas started coverage on shares of Galp Energia SGPS SA (ELI: GALP) in a research note issued on Thursday, StocKRatingsNetwork.com reports. The firm set an “outperform” rating and a €17.00 ($22.08) price target on the stock.
Sales revenue in the period hit 1.39bn pesos, down 2.6% from 1.43bn pesos in the first quarter of 2012, mainly due to a 25.1% drop in generation revenue, partially offset by a 17.8% increase in distribution revenue.
The electricity generation for 1Q13 was 47.0% lower than the same period of 2012, mainly due to the out of service CTLL steam turbine, lower availability in CTG and CPB thermo plants, and lower electricity dispatch in HIDISA and HINISA.