News

This week’s 33 per cent share price jump for Centaurus Metals (ASX: CTM) on the back a strong maiden resource estimate for its Jaguar nickel project in Brazil could be just the start of a sustained upward run for the stock

This week’s 33 per cent share price jump for Centaurus Metals (ASX: CTM) on the back a strong maiden resource estimate for its Jaguar nickel project in Brazil could be just the start of a sustained upward run for the stock, according to a raft of new broker notes released this week. The maiden Jaguar global resource of 517,000t of contained nickel at an average grade of 1.08% Ni sparked the release of four significant new research notes on the company, with target prices ranging from 62 to 95c.

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Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer.

Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer. In a new report released this week, Hartleys said its target for Strandline shares is now 42c (current price 27c). Strandline is in the throes of finalising funding for its Coburn project near Shark Bay in WA.

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Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL)

Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL) once again to $1.45-a-share (from $1.35 previously) following further positive news this week from the Company’s namesake WA gold project. According to Canaccord’s Perth-based resource analyst Tim McCormack, Bellevue is “ticking all the boxes” at its high-grade Bellevue project with the latest update continuing to “validate the project as an exciting, low capex development proposition in our view.”

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Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR)

Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR), with a Speculative Buy recommendation and 19cps valuation, well north of its recent trading price of 10-11c. In a detailed research report released this week, Bell Potter analyst Stuart Howe says Liontown is positioned to develop an “attractive project” at its flagship Kathleen Valley project in WA as the lithium market’s fundamentals are expected to significantly improve and support higher prices.

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Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN)

Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN) 100%-owned Julimar Nickel-Copper-PGE Project, located just ~70km north-east of Perth in Western Australia. Three rigs (two RC and one diamond) are currently drilling at the Gonneville Intrusive, where Chalice recently made a high-grade Ni-Cu-PGE discovery in March 2020.

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Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources

Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources (ASX: LTR) from 17c to 21c after incorporating inputs from the company’s latest development update on its flagship Kathleen Valley lithium-tantalum project in WA.

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Independent stockbroking firm Curran & Co has joined the growing coverage list for emerging gold producer Bardoc Gold (ASX: BDC)

Independent stockbroking firm Curran & Co has joined the growing coverage list for emerging gold producer Bardoc Gold (ASX: BDC), initiating research with a BUY recommendation and a target price of 16cps (compared with its current trading price of ~9cps). According to Curran & Co analyst Andrew White, Western Australia will continue to be seen as “the most reliable jurisdiction for gold mining investment” and Bardoc’s assets are situated “at the heart of its gold mining centre”.

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Perth-based institutional broker Euroz Securities has become the latest financial institution to commence research coverage on fast-growing nickel developer Centaurus Metals (ASX: CTM)...

Perth-based institutional broker Euroz Securities has become the latest financial institution to commence research coverage on fast-growing nickel developer Centaurus Metals (ASX: CTM). Highly respected Euroz resource analyst Andrew Clayton has issued a Speculative Buy recommendation and set a 55c price target for the stock in his initiation note, released on 20 May. That compares with a recent trading price of 27-29c.

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