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Tinka Resources Ltd
Symbol TK
Shares Issued 224,654,669
Close 2018-01-16 C$ 0.69
Market Cap C$ 155,011,722
Recent Sedar+ Documents

Globe says new coverage rates Tinka "speculative buy"

2018-01-16 08:35 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 16, edition that Canaccord Genuity analyst Kevin MacKenzie, calling Tinka Resources (75 cents) a "clear standout within the zinc space," began coverage with a "speculative buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacKenzie calls Tinka a "strong" merger and acquisition candidate. Mr. MacKenzie set a share price target of $1, which is a nickel lower than the consensus. Mr. MacKenzie says in a note: "Given the overall size and grade of the Ayawilca deposit, we view Tinka to be one of the most attractive takeout candidates within the zinc exploration/pre-development space. In contrast to many of its peer comparables, which are focused on repositioning last cycle projects, Tinka continues to stand out, given its ongoing discovery momentum. We note that the Ayawilca project is well situated within the heart of central Peru's polymetallic belt, with numerous mid-tier to senior company operations within the region. Overall, we view Tinka as potentially an attractive acquisition for such local operators as Nexa, Volcan and Trevali."

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