The Globe and Mail reports in its Tuesday, July 22, edition that Canaccord Genuity analyst Dalton Baretto started coverage on Emerita Resources with a "speculative buy" ranking. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Baretto set a share target of $1.80. Emerita Resources is an explorer and developer of mineral properties, primarily in the Iberian Pyrite Belt in southern Spain. Mr. Baretto says in a note: "We view Emerita Resources as a compelling investment for investors looking for zinc exposure in high-quality jurisdictions through the IBW project (Spain). Iberian Belt West (IBW) is a relatively attractive project in a good jurisdiction, in our view, with solid expected returns and a strong precious metal by-product credit that should lower costs and provide financing options for construction."
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