EuroZinc Mining buy, target price raised

EuroZinc Mining buy, target price raised

Analyst Wendell Zerb of Canaccord Adams maintains his “buy” rating on EuroZinc Mining Corporation (ticker: EZM). The target price has been raised from C$2.85 to C$3.85.

In a research note published this morning, the analyst mentions that the upgrade in rating is based on the revision in the long-term metal price estimates. The long-term price estimate for copper has been raised from $1.05 per lb to $1.15 per lb. The long-term price estimate for zinc has been raised from $0.52 per lb to $0.58 per lb.

Source: www.newratings.com

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