PMET Resources price target raised to C$9 from C$8.50 at Raymond James

Raymond James analyst Brian MacArthur raised the firm’s price target on PMET Resources (PMETF) to C$9 from C$8.50 and keeps an Outperform rating on the shares. The price target change is part of Raymond James’ mining update. The firm continues to favor copper in the base metals complex, as it expected growing deficits in the medium to long term.