Inactive Instrument

Saracen Mineral Holdings Limited

Equities

SAR

AU000000SAR9

Morgan Stanley : rates SAR as Equal-weight

February 10, 2021 at 06:31 pm EST

Saracen Mineral Holdings' net profit was 18% ahead of Morgan Stanley with operating cash flow 15% above the broker's estimate. Merger implementation with Northern Star Resources ((NST)) will occur on 12 Feb 2021.

A merger special dividend of 3.8c was paid as part of the completion of merger. No ordinary dividend was paid which is in-line with the broker's expectations.

Equal-weight rating with a target of $5.30. Industry view: Attractive.

Sector: Materials.

Target price is $5.30.Current Price is $4.69. Difference: $0.61 - (brackets indicate current price is over target). If SAR meets the Morgan Stanley target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MORGAN STANLEY	91.54 USD	+0.77%	-2.46%	148B
	NORTHERN STAR RESOURCES LIMITED	14.84 AUD	+2.84%	+0.81%	11.14B

Latest news about Saracen Mineral Holdings Limited

Saracen Mineral Holdings Limited Announces Special Dividend, Payable on February 11, 2021	21-02-11	CI
Saracen Mineral : Profit, Revenue Rise in July-October 2020 on Higher Gold Prices; Shares Slide 4%	21-02-09	MT
Saracen Mineral Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2020	21-02-09	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P/ASX 200 Materials Sector Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P/ASX 200 Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P/ASX All Ordinaries Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P/ASX 300 Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P/ASX 100 Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from S&P Global BMI Index	21-02-04	CI
Saracen Mineral Holdings Limited(ASX:SAR) dropped from FTSE All-World Index	21-02-04	CI
Northern Star Resources Limited completed the acquisition of Saracen Mineral Holdings Limited in merger of equals transaction.	21-02-02	CI
Saracen Mineral Holdings Limited Reports Production Results for the Quarter and Year-Ended on December 2020	21-01-20	CI
Transcript : Saracen Mineral Holdings Limited, Q2 2021 Earnings Call, Jan 21, 2021	21-01-20
Northern Star Resources : Saracen Mineral Shareholders Vote in Favor of Northern Star Merger	21-01-15	MT
Transcript : Saracen Mineral Holdings Limited - Shareholder/Analyst Call	21-01-14
Saracen Mineral Holdings Limited Declares Special Distribution, Payable on February 11, 2021	21-01-12	CI
Australia shares trade flat as gloomy U.S. jobs data blunts vaccine cheer	20-11-25	RE
REFILE-Australia shares join global rally on vaccine hopes; tourism, oil stocks take off	20-11-09	RE
Saracen Mineral Holdings Limited Announces the Annual Production Guidance	20-10-21	CI
Transcript : Saracen Mineral Holdings Limited, Q1 2021 Earnings Call, Oct 22, 2020	20-10-21
Barrick CEO calls for consolidation and warns of reserve crisis	20-10-07	RE
GLOBAL MARKETS LIVE: Tech giants in the hot seat	20-10-06
Santos : Australian shares end marginally higher ahead of budget	20-10-06	RE
Transcript : Saracen Mineral Holdings Limited - Shareholder/Analyst Call	20-10-05
Saracen Mineral Holdings Limited to Pay Special Dividend	20-10-05	CI

Chart Saracen Mineral Holdings Limited

Duration

Period

More charts

Company Profile

Saracen Mineral Holdings Limited is engaged in gold mining and mineral exploration. Its segments include Saracen Gold Mines Pty Limited (SGM), which includes the exploration, production and administration relating to the Carosue Dam operations (CDO); Saracen Mineral Holdings Limited (SAR), which includes the corporate administration, and Saracen Metals Pty Limited (SME), which includes the exploration, development, production and administration relating to the Thunderbox operations (TBO). CDO tenement holdings and gold deposits are located in gold provinces, in northeast of Kalgoorlie, Western Australia. TBO is located in the Yandal Belt and the Agnew-Wiluna Belt in the North Eastern Goldfields of Western Australia. TBO includes the Thunderbox Project, including the Thunderbox; the Bannockburn Project, including the Bannockburn and North Well gold deposits, and the Waterloo Project. It also holds 50% interest in Kalgoorlie Consolidated Gold Mines.

Sector

More about the company