Koryx Copper initiated with a Buy at Stifel

Stifel analyst Cole McGill initiated coverage of Koryx Copper (KRYXF) with a Buy rating and C$3.75 price target The firm says the company is advancing the “large scale, long life” Haib copper porphyry project in Namibia. The Haib project will benefit from a “triple threat” of African cost structure, low elevation and clean metallurgy, the analyst tells investors in a research note.