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Analyst Actions: Desjardins Cuts Aurizon Mines Price Target to $9.25

Desjardins Securities Inc. analyst Brian Christie noted in a research note today that Aurizon Mines Ltd. (ARZ.TO) expects a delayed feasibility study for its Joanna gold project to be finalized in early 2012, paving way for possible first production in 2015, the Globe and Mail reported. This is later than his previous expectation for a startup in 2013, resulting in a reduction in his net asset value for the company.

Desjardins cut the price target by 50 cents to $9.25 and reiterated "buy" rating.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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