Analyst of Atrium Research maintained a Buy rating on Mineros SA, retaining the price target of C$4.00.
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Atrium Research’s rating is based on several key developments surrounding Mineros SA. The company has announced an initial Mineral Resource Estimate for the Guillermina Deposit, which is part of its Hemco Property in Nicaragua. This new estimate, derived from extensive drilling, highlights the potential for significant gold and silver resources, indicating a promising future for the company’s mining operations.
Atrium Research also notes the strategic moves by Mineros, such as the successful completion of a public tender offer and the initiation of a share buyback program. These actions, combined with the anticipated strong performance in the upcoming Q2 financial results, suggest robust operational execution. These factors collectively underpin Atrium Research’s decision to maintain a Buy rating, with a target price of C$4.00 per share for Mineros SA.