Analyst Nicholas Cortellucci of Atrium Research maintained a Buy rating on BQE Water, with a price target of C$90.00.
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Nicholas Cortellucci has given his Buy rating due to a combination of factors, primarily BQE Water’s continued success in securing meaningful operating contracts that reinforce the strength and relevance of its service offering. The latest three‑year agreement, won through its joint venture with Nuvumiut Development to run five seasonal water treatment systems at Canadian Royalties’ Nunavik Nickel Project, adds to a growing base of predictable, recurring revenues and showcases solid execution.
He also notes that this is the fourth major contract disclosed since December 2025, which supports the view that BQE’s solutions are gaining broader acceptance in the evolving mining sector and validates the company’s competitive positioning. With these wins already incorporated into his financial forecasts, Cortellucci sees no need to change his model and therefore reiterates both his Buy recommendation and his $90.00 per share target, reflecting confidence in BQE’s long‑term growth trajectory and earnings visibility.
According to TipRanks, Cortellucci is an analyst with an average return of -6.4% and a 30.97% success rate.