Guardian Metal initiated with a Buy at DA Davidson yesterday

Yesterday, DA Davidson initiated coverage of Guardian Metal (GMTL) with a Buy rating and $30 price target Guardian Metal Resources’ Pilot Mountain Desert Scheelite tungsten deposit stands to emerge as the first operational tungsten mine source in the U.S. since 2015, said the analyst, who envisions “a multi-pronged catalyst path for staged upward revisions to revenue and EBITDA projections.”