Canaccord upgraded Sayona Mining (SYAXF) to Buy from Speculative Buy with a price target of A$0.06, up from A$0.04, after resuming coverage of the name. The company has operating leverage to a recovery in lithium prices, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYAXF:
- Sayona Mining to Update Market Post-Merger with Piedmont Lithium
- Sayona Mining Expands Market Presence with New Securities Quotation
- Sayona Mining Issues Over 2 Billion New Shares in Strategic Placement
- Sayona Mining Issues Over 400 Million Unquoted Options
- Sayona Mining to Quote Over 2 Billion New Securities on ASX
