The Globe and Mail reports in its Wednesday, Jan. 8, edition that Canaccord Genuity analyst Dalton Baretto continues to rate Capstone Mining "buy." The Globe's David Leeder writes that Mr. Baretto elevated his share target to $1.30 from $1. Analysts on average target the shares at $1.05. Mr. Baretto sees a "more positive" environment for industrial commodities, particularly copper, in 2020. He says in a note: "Key to this thesis being realized will be a perceived comprehensive deal between the U.S. and China on the trade front. With U.S. President Donald Trump up for re-election in November, we believe his administration will be significantly motivated to present the American public with a deal. As such, we believe the onus remains on Chinese President Xi Jinping, and we believe Mr. Xi will be more motivated to come to an agreement given a slowing economy at home and rising political pressure from the Hong Kong protests and the Uyghur situation. With a Phase 1 deal (however opaque) being announced in December, we believe further, and accelerated, progress is likely over the course of 2020." The Globe reported on July 8, 2019, that BMO rated Capstone "market perform," when it could be had for 56 cents.
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