OTCPK:KRCLF - Post by User
Post by
materialsgirlon Apr 08, 2022 10:44am
255 Views
Post# 34587724
Pity the analysts
Pity the analysts When a share price changes rapidly the role of the analyst is
tricky.
Canaccord has raised the target to $7.25 in the last day
together with a buy recommendation.
The share price hit $6.98 this morning and conceptually we
could see $7.25 next week.
How should analysts respond?
They can't maintain a BUY rating when the target is below the
current trading price.
Yet they cannot raise the target without creating a rational such as
higher gold prices or bigger production or lower costs or higher
metrics
Our role as investors is much simpler. Just sit back and enjoy
the rising tide.
mat