07:23:11 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 202,524,945
Close 2019-01-29 C$ 0.32
Market Cap C$ 64,807,982
Recent Sedar Documents

Globe says Haywood cuts Falco Resources to "hold"

2019-01-29 08:26 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 29, edition that Haywood Securities analyst Pierre Vaillancourt cut Falco Resources (31.5 cents) to "hold" from "buy" with a share target of 40 cents, 58 cents below the consensus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Vaillancourt says in a note: "We remain positive on the potential for Horne 5, and are confident in the abilities of management to advance the project, but we also recognize that the process leading to the redevelopment of the mine may extend beyond the original timeline. ... Accordingly, we are downgrading our rating." The Globe reported on April 13, 2018, that Desjardins Securities analyst Raj Ray began coverage with a "buy" rating. In the item, Mr. Ray set a share target of $1.75. Mr. Ray called Horne 5 "one of the most advanced-stage development projects that, in our opinion, is investable and executable from a development perspective owing to its location in one of Canada's best jurisdictions to build a mine, its scale and scalability, the relative ease of permitting given its brownfield nature and the below-average capital intensity for similar-sized gold projects." The shares were then worth 75 cents.

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