OTCPK:CPPMF - Post by User
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TELEMARKERon Jan 14, 2022 11:06am
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stockwatch
stockwatch Globe says Copper Mountain maintained at "outperform"
2022-01-13 08:05 ET - In the News
The Globe and Mail reports in its Thursday, Jan. 13, edition that National Bank Financial analyst Shane Nagle says the copper market has had strong start in 2022. The Globe's David Leeder writes that Mr. Nagle says: "Refined inventories are low, demand remains strong and speculative investment is near its lowest level since the onset of the pandemic. Ongoing inflationary pressures, tightening monetary policies worldwide and forecasted supply growth into 2023 may create more volatility than experienced throughout 2021. Long-term fundamentals for copper remain attractive given the lack of advanced-stage projects in the pipeline to meet rising long-term demand." Mr. Nagle rates Copper Mountain Mining "outperform." He raised his share target to $4.75 from $5.25. Mr. Nagle says in a note: "Despite embarking on a large capital spend at Eva, Copper Mountain has several additional catalysts as the Copper Mountain mill expansion to 45,000 tpd was completed in H2/21 and ongoing exploration efforts at both Eva and New Ingerbelle are expected to showcase longer-term optionality of the portfolio." The Globe reported on Dec. 15 that BMO rated Copper Mountain "outperform." It was then worth $3.05.