New Analyst Coverage - Target $3.40
Globe says Sabina Gold rated "buy" in new coverage
2018-03-12 08:36 ET - In the News
The Globe and Mail reports in its Saturday, March 10, edition that Cantor Fitzgerald analyst Matthew O'Keefe began coverage of Sabina Gold and Silver ($1.71) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. O'Keffe says in a note: "Sabina is set to start construction of its Back River gold project in Nunavut. The initial project should produce ~250koz of gold annually for 12-years and has an IRR of 26 per cent. There is considerable upside from additional resources and ongoing exploration. The project's strong economics, advanced and permitted status, safe jurisdiction and significant upside potential make Sabina an attractive investment for investors and gold producers as well." He set a share target of $3.40, which is above the $3.12 average on the Street.
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