Monday, 6 July 2009

FD Capital ups price target for EMED Mining

Fox-Davies Capital issued a note on EMED Mining Public Ltd (AIM: EMED), reiterating its ‘buy’ recommendation and raising its target price to 33 pence from 30p, after the broker reviewed its currency and commodity forecasts.

“EMED has benefitted through the higher copper and silver prices we are now using which have been increased far more than the Euro forecasts,” the broker said.

www.proactiveinvestors.co.uk

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