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Coppernico Metals Inc CPPMF


Primary Symbol: T.COPR

Coppernico Metals Inc. is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the South America. The Company’s primary asset is the Sombrero copper-gold project located in southern Peru. The Sombrero Project is a land package of approximately 102,000 hectares located about 340 kilometers SE of Lima in southern Peru. The concessions are hosted in the northwestern extension of the Andahuaylas-Yauri belt. The principal targets at Sombrero are copper-gold skarn, porphyry systems and precious metal epithermal deposits. The Company’s subsidiary is Sombrero Minerales, S.A.C.


TSX:COPR - Post by User

Post by oceanelevenon Dec 01, 2022 8:47am
407 Views
Post# 35142390

Nice!!

Nice!!The Globe and Mail reports in its Thursday edition that Desjardins Securities analyst Jonathan Egilo has started coverage on Copper Mountain Mining with a "buy" recommendation, believing "current trading levels represent a compelling entry point for investors." The Globe's David L:eeder writes that Mr. Egilo set a share target of $2.50, which 21 cents under the consensus. Mr. Egilo says in a note: The stock's underperformance, driven by operational challenges, as well as a strong forecast for 2023, have created a compelling entry point in our view," said Mr. Egilo. "We believe the current 21.6-per-cent 2023 FCF yield (or 23.9 per cent when using spot metals prices) represents a lack of market confidence in execution. We believe that 4Q results meeting expectations, the 2023 guidance update being largely aligned with the most recent technical report and FCF turning positive again in 1Q23 could drive a significant re-rating ... The stock is trading at a significant discount to its one-, three- and five-year averages relative to the baskets of small-, mid- and large-cap copper producer peers." The Globe reported on Oct. 13 that Haywood had boosted Copper Mountain to "buy" from "hold." It was then worth $1.94
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