Atrium Research analyst Ben Pirie maintained a Buy rating on Copper Fox Metals yesterday and set a price target of C$0.50.
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Ben Pirie has given his Buy rating due to a combination of factors that highlight Copper Fox Metals’ strategic advancements and potential for growth. The completion of the Preliminary Geometallurgical Model at the Van Dyke project is a significant milestone, providing a clear framework for the technical work needed to progress towards a Pre-Feasibility Study. This development outlines the project’s scope, sequencing, and cost structure, which are crucial for its advancement.
Additionally, the recent completion of a 3D geophysical survey at the Eaglehead project has revealed a substantial anomaly, indicating the presence of a larger porphyry system than previously identified. These advancements at both the Van Dyke and Eaglehead projects enhance the company’s project pipeline and reduce associated risks, positioning Copper Fox Metals for substantial growth. Consequently, these factors underpin Ben Pirie’s confidence in maintaining a Buy rating with a target price of C$0.50 per share.
CUU’s price has also changed slightly for the past six months – from C$0.270 to C$0.295, which is a 9.26% increase.