MARKETS SPECTATOR: Mighty Mount Gibson

After stellar iron ore production numbers from Mount Gibson, RBS Morgans sees it as offering great risk-reward and has given it a 40 per cent premium target price.

Following Mount Gibson’s quarterly production report yesterday, RBS Morgans has reinitiated coverage of the pure play iron ore miner with an outperform rating and target price of $1.20 per share, a 40 per cent premium to its last traded price.

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