The Globe and Mail reports in its Thursday, Jan. 9, edition that Paradigm Capital analysts David Davidson and Jeff Woolley say investors are likely to see "considerable" volatility in base metals in the near term given the escalating tension in the Middle East. The Globe's David Leeder writes in the Eye On Equities column that the analysts, however, expect the "overall theme" of the first year to be higher copper prices, noting the market is beginning to look at supply/demand fundamentals. Mr. Woolley has a "buy" rating on Capstone Mining. He targets the shares at $1.25. Analysts on average target the shares at $1.05. Mr. Woolley says in a note: "From an organic growth and financing risk perspective, Capstone has moved back to the top pick in our juniors owing to better costs and balance sheet than its peers. Pinto Valley is performing well, tracking top end of guidance for FY19 and with an optimization study expected in early 2020."
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