Highlander Silver (HSLV) has received a new Buy rating, initiated by BMO Capital analyst, Kevin O’Halloran.
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Kevin O’Halloran has given his Buy rating due to a combination of factors including the exceptional resource grades at Highlander Silver’s San Luis project in Peru. The project boasts some of the highest gold and silver grades globally, which presents a significant opportunity for resource expansion and near-term production. The high-grade nature of the resources is expected to facilitate strong production and cash flow, with the potential for shares to re-rate as the project progresses towards production.
Additionally, the company’s strategic position in Peru allows for expedited permitting under the small-scale mining framework, which could lead to production as early as 2028. The ongoing exploration efforts, particularly at the Bonita vein system, are anticipated to extend the mine life and support a larger-scale operation. With a strong cash position and the potential for a growing premium valuation, Highlander Silver is well-positioned for future growth, justifying the Buy rating.
According to TipRanks, O’Halloran is a top 25 analyst with an average return of 51.9% and an 86.96% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Fortuna Mining Corp, and Aya Gold & Silver.
In another report released on December 2, Canaccord Genuity also maintained a Buy rating on the stock with a C$7.75 price target.