Texas Capital last night initiated coverage of Critical Metals (CRML) with a Buy rating and $20 price target implying 126% upside. Critical Metals is a mining development company focused on rare earth elements and lithium, the analyst tells investors in a research note. The firm says the company’s flagship Tanbreez asset has the potential to be an important component of the Western rare earth supply chain. The project offers a combination of “compelling long-term scale, strong resource quality, and a strategic location serving both the US and European markets,” Texas Capital contends.
Meet Samuel – Your Personal Investing Prophet
CRMX: an alternative to margin or options on CRMLPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRML:
- Critical Metals initiated with a Buy at Texas Capital
- Critical Metals Corp call volume above normal and directionally bullish
- Unusually active option classes on open April 1st
- Largest borrow rate increases among liquid names
- Critical Metals Files Tanbreez Audited Results as It Seeks Majority Control of Greenland Miner