Aztec Resources

Aztec Resources (AZR) Stock Recommendation


Aspect Huntley have downgraded the Aztec Resources (AZR) stock to Hold from Accumulate. The re-rating comes from recent share price gains and a slight cut to its valuation due to higher capital costs for its iron ore project. The analyst suggests the company may prove to be a takeover or merger target in the future as the industry trend appears to be one of buying production rather than developing projects.

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