Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Nomad Royalty V.INL


Primary Symbol: NSRWF

Nomad Royalty Co Ltd is a royalty mining company. The company purchases rights to a certain percentage of the gold or silver produced from a mine, typically for the life of the mine. It generates revenues from Gold Streams, Silver Streams, Royalties, and Gold Prepay loans. The portfolio includes Woodlawn property, Blyvoor property, Gualcamayo property, Suruca property, and other properties. Its geographical segments are North America, South America, Africa, and Australia.


OTCPK:NSRWF - Post by User

Post by JustAnotherGuyon Jul 02, 2021 9:11am
206 Views
Post# 33481220

Globe says Nomad seen widening its shareholder base

Globe says Nomad seen widening its shareholder base

Globe says Nomad seen widening its shareholder base

2021-06-30 08:37 ET - In the News

 

The Globe and Mail reports in its Wednesday, June 30, edition that Canaccord Genuity analyst Carey MacRury, following the release of an NI43-101 technical report on the Blyvoor gold mine in South Africa, raised his share target for Nomad Royalty to $16 from $15.50. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacRury continues to rate Nomad Royalty "buy." Analysts on average target the shares at $18.47. Mr. MacRury says in a note: "Our target multiples are at the lower end of the 1.8 to 2.75 times NAV and 16 to 27 times EBITDA range we use for the royalty/streaming companies given Nomad's high concentration of private assets with limited visibility, unproven key assets in ramp-up mode, and concentrated share ownership. We see the potential for Nomad's valuation to rerate higher toward its peers as Blyvoor ramps up, Woodlawn restarts, and as the company continues to grow and widen its shareholder base." The Globe reported on June 4 that Mr. MacRury said he believed Nomad was "well-positioned for future growth." Mr. MacRury rated the shares "buy" in new coverage. The shares could then be had for $10.42.

<< Previous
Bullboard Posts
Next >>