RE:RE:RE:RE:RE:a sleeping giant here....
Globe says new coverage rates Garibaldi "outperform"
2021-05-27 08:34 ET - In the News
The Globe and Mail reports in its Thursday, May 27, edition that Noble Capital Markets analyst Mark Reichman has commenced coverage on Garibaldi Resources (45 cents) with an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reichman set a share target of $1.10. The Globe notes that Mr. Reichman is the lone analyst covering the stock. Mr. Reichman believes Garibaldi has the potential to become "a promising acquisition candidate by a larger mining concern as the mineral potential of its mining claims becomes more apparent." Mr. Reichman says in a note: "We believe the company offers an opportunity to unlock value through a corporate restructuring. In addition to monetizing its Mexico properties in some fashion, management may at some point consider separating its base and precious metals claims into two separate companies to enhance investor appeal and allow each business to fund projects on a stand-alone basis. Polymetallic stories are often underappreciated given that metals investors often focus on base or precious metals, with a new group emerging that is focused on battery and clean energy metal."