Up and DownHopefully this will reverse the recent decline in SP as both are well above our current level. GLTA
In response to the release of 2024 capital budget and production guidance, Stifel’s Cody Kwong lowered his Headwater Exploration Inc. (HWX-T) target to $9 from $9.50 with a “buy” rating, while Desjardins Securities’ Chris MacCulloch raised his target to $10 from $9.25 with a “buy” rating. The average is $9.47.
“Specifically, we were impressed by the company’s ability to maintain modest capital spending which supports an attractive balance of measured growth, exploration/development of new plays and waterflood investments, all while supporting the 10 cents per share quarterly dividend (6.2-per-cent yield),” said Mr. MacCulloch.