The Globe and Mail reports in its Wednesday, Feb. 12, edition that National Bank Financial equity analysts predict a "mixed" earnings season for Canadian precious metals producers following the prerelease of fourth quarter 2024 operating results. The Globe's David Leeder writes that in a research report released Tuesday, the firm maintained its price deck for all metals is unchanged while updating both its near and long-term foreign exchanges rates. The analysts boosted their share target for Calibre Mining, which they rate "outperform," to $4 from $3.40. Analysts on average target the shares at $3.64. Analyst Don DeMarco says in a note: "Valentine mine development in the homestretch, first pour approaching in Q2/25 and derisking advanced, with final capex revision, a site visit showing well and led by a strong management team with a track record of success. We highlight visibility for a valuation re-rate to reflect increased production in Tier 1 jurisdiction." The Globe reported on Oct. 11 that Mr. DeMarco had upgraded Calibre to "outperform" from "sector perform." The shares were then worth $2.86. The Globe reported on Jan. 10 that Mr. DeMarco was sticking with his "outperform" call when the shares were worth $2.37.
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