Analysts at Seymour Pierce downgrade Oxus Gold Plc from "buy" to "hold."

In a research note published this morning, the analysts mention that the company has been facing significant challenges at the Amantaytau and Khandiza projects in Uzbekistan.

Oxus Gold has a 50% interest in the Amantaytau project, which has substantial development potential, the analysts say.

Seymour Pierce adds, however, that the company would require additional finance for bringing the gold deposits at the Amantaytau project to production.