Globe
Globe says Critical Elements kept at "speculative buy"
2023-08-31 07:50 ET - In the News
The Globe and Mail reports in its Thursday, Aug. 31, edition that iA Capital Markets analyst Sehaj Anand has reaffirmed his "speculative buy" recommendation for Critical Elements Lithium. The Globe's David Leeder writes in the Eye On Equities column that Mr. Anand gave his share target a 70-cent trim to $4.30. Analysts on average target the shares at $4.56. Mr. Anand says in a note: "Overall, we view the new FS as a positive incremental step as the company advances Rose toward construction. We believe that the market remains focused on the upcoming strategic partner and project financing package, a significant catalyst for the stock." The Globe reported on Oct. 19 that Canaccord Genuity analyst Katie Lachapelle rated Critical Elements Lithium "speculative buy." It was then worth $1.70. The Globe reported on Nov. 23 that Stifel analyst Cole McGill had resumed coverage of Critical Elements Lithium with a "buy" recommendation. It was then worth $2.21. The Globe reported on June 23 that Mr. Anand rated Critical Elements Lithium "speculative buy" in new coverage. The shares could then be had for $1.78.