Globe says new coverage rates Integra Gold "outperform"
Globe says new coverage rates Integra Gold "outperform"
2017-01-24 08:37 ET - In the News
The Globe and Mail reports in its Tuesday edition that Raymond James analyst Tara Hassan expects Integra Gold to continue its "aggressive" exploration approach at its Lamaque project in Val-d'Or, Que., which she calls "one of the most productive mining jurisdictions in Canada." The Globe's David Leeder writes that Ms. Hassan, also foreseeing key project updates in 2017 that will "confirm the potential for a larger, longer life and more economics operation" at the facility, began coverage with an "outperform" rating. Ms. Hassan set a price target of $1.15 for the stock. Analysts on average target the shares at $1.17. Ms. Hassan says in a note: "Although Integra has adopted an aggressive approach to exploration over the last 36 months, the bulk of these efforts have been focused on expanding the resource at Triangle and satellite deposits that form part of the Lamaque South zone. With Triangle now well defined and reaching a critical scale to support a construction decision, Integra is now able to shift some of its exploration focus and dollars to satellite targets and the deep potential at Lamaque. As a result, we expect 2017 could be a pivotal year to demonstrate the potential of the larger property package."