Medusa's poor track record

Macquarie initiated an "underperform" rating on the stock with a price target 21% below its current price.

Medusa Mining (MML) is poised to slide over the next 12 months given management's poor track record with guidance as well as a slew of other factors, says Macquarie Private Wealth. 

The investment bank initiated coverage on the gold miner with an "underperform" rating and a price target of $1.70 – 21% below Medusa's $2.24 share price this morning.


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