Bullboard - Stock Discussion Forum Renforth Resources Inc C.RFR

Alternate Symbol(s): RFHRF

Renforth Resources Inc. (Renforth) is a Canada-based company that is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company wholly owns approximately 300 square kilometers (km2) Malartic metals Package (formerly called the Surimeau District Property), which hosts numerous areas of polymetallic and gold mineralization, each with various levels of... see more

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Renforth Resources Inc > RFR report

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Post by Yepnewpapy on Feb 25, 2022 1:35pm

RFR report

Zack’s Small-Cap Research has produced their initial coverage report on Renforth, with the target expressed in USD (25 pages to read)

https://renforthresources.com/wp-content/uploads/2022/01/Zacks_SCR_Research_01272022_RFHRF_Ralston.pdf

Further, the comparable companies have been narrowed through quantitative factors, specifically those companies with a market capitalization between $5 and $50 million and with positive working capital. This process captures a range of well-funded junior exploration/development mining companies, which are listed in the table above. Currently, the P/B valuation range of these comparable companies is between 1.4 and 7.1. With the expectation that Renforth’s stock will attain merely an industry average P/B ratio of 3.6, our comparable analysis valuation price target is US$0.12.

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