Credit Suisse Analyzes North American Palladium Q2

NASDAQ reports North American Palladium (AMEX:PAL,TSX:PDL) reported a second quarter gain of $0.03.

The market news is quoted as saying,

We rate NAP as Outperform, with a C$7.75 target price, which is based on 1.1x our NAVPS of C$7.22. We continue to believe that NAP remains a growth story that is poised to benefit significantly from the structural deficits and higher pricing we see emerging in the global palladium markets. Our 11/12/13 EPS estimates have increased to (C$0.04)/C$0.28/C$0.83 from (C$0.12)/C$0.25/C$0.81, respectively

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