The Globe and Mail reports in its Friday, April 10, edition that Haywood Capital Markets analyst Pierre Vaillancourt rates Blue Moon Metals "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Vaillancourt targets the shares at $15. Analysts on average target the shares at $12.25. Mr. Vaillancourt thinks Blue Moon is "is well positioned to become a multi-mine producer of base and critical metals starting in 2027, leading to consolidated production of 60kt of CuEq production from seven metals within five years, including a significant component of tungsten and germanium." Mr. Vaillancourt says in a note: "[Blue Moon's] portfolio of mines offers multiple revenue sources, and we note the strong profitability of tungsten and germanium-gallium. ... Production will come from copper, zinc, lead, gold, silver, germanium, gallium and tungsten from four moderate sized mines. This metals and mine diversification may take some adjustment from investors who are used to a more concentrated production base with one or two metals, but the potential for cash flow, especially from tungsten and germanium-gallium, provides a unique opportunity for Blue Moon shareholders."
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