Nicholas Cortellucci, an analyst from Atrium Research, maintained the Buy rating on BQE Water. The associated price target was raised to C$90.00.
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Nicholas Cortellucci has given his Buy rating due to a combination of factors tied to BQE Water’s growing contract base and solid execution. He highlights the newly signed operations contract for the Eagle Gold Mine in 2026, on top of the company’s record Britannia Mine agreement, as evidence that management is consistently converting its technical expertise into long-term, recurring revenue.
Cortellucci also points to BQE’s robust growth outlook and attractive valuation as key supports for his recommendation. With the new contracts underpinning expectations of roughly 20% revenue expansion and the shares trading at a modest multiple of projected 2026 EBITDA, he sees the stock as undervalued relative to its quality, cash generation, and balance sheet strength, justifying a higher target price and a maintained Buy rating.
According to TipRanks, Cortellucci is an analyst with an average return of -4.0% and a 36.54% success rate.