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April 18, 2006

SpeculatingStocks.com Stock Pick: EuroZinc Mining Corporation (EZM)

Stock Price: $2.35 (long-term strong buy)


EuroZinc Mining Corporation through its subsidiaries is engaged in mining copper mainly in Portugal.

EZM reported record fourth quarter results early in March including $314.9 million in fourth quarter revenue and net income of $88.3 million. The company also initiated an aggressive exploration program and repaid $86.3 million of its debt.

Right now, EZM is trading at a P/E of only 14.36 and has been trending up steadily. We expect first quarter results to come in even stronger than the fourth quarter as copper prices continue to rise.

Copper will only continue to rise as demand increases acrossed the globe specifically in China, India & Indonesia, Brazil and Russia.

SpeculatingStocks.com Target Price: We expect EZM to reach $5.00 within the next 4 - 8 months.

 
     
 
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