Avoca Resources
Stock Code
Stock Exchange
Avoca Resources (AVO) is a growing mineral exploration and resource development Company with its core focus on gold and copper. The Company is actively involved in developing the highly prospective Higginsville Gold Project, together with searching for a range of gold deposits in Western Australia. The recently acquired Higginsville Gold Project is the key asset of the Company and it is situated 180 kilometer south of Kalgoorlie. Higginsville Gold Project will support the further development of the Company’s high-quality exploration base, including Mt Fisher.
Peruse the dividend history for AVOCA RESOURCES LIMITED. Dividends are a distribution of a company's profit to its shareholders and paid out in the form of a cash dividend. You are eligible to receive AVO dividends if you own the AVOCA RESOURCES LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the AVO dividend if you buy the stocks on or after the ex dividend date.
David Jones (DJS), a company that operates departmental stores in Australia and provides diversified range of both local and international brands was the best performer in Australian Stock Exchange ASX100 adding 7.1 percent or 30 cents in its stock price closing the week at $4.48.
Australian Resources Weekly provided by Australian market analyst UBS.
What are consensus estimates telling us?
Consensus estimates versus spot prices:
Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.
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