Post by
prometheus8 on Jun 27, 2022 11:03am
CIBC rating change
CIBC has changed its rating from "Neutral" to "Underperform". I have not seen the report so I don't know the reasoning.
Comment by
marketdiva on Jun 27, 2022 11:15am
maybe because the stick is -37% in 3 months .... oversold ?? The entire sector has been crushed however which is comforting I guess. Last I talked with them budget is accurate and no surprises (but what the f else would they tell me ) bring on a surprise hostile bid
Comment by
Gottheblues on Jun 27, 2022 2:03pm
.... and CIBC Capital Markets has given EQX a target price of CAD$5.75. (!) But they're always wrong so probably a strong buy signal.
Comment by
Concojones on Jun 30, 2022 5:35am
"Despite the fairly low trading P/NAV multiple, which reflects some risk at the Greenstone project, we believe that the company's higher capex weighting implies risk and we do not see how it will trade in line with peers during a build-out. Source