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The Globe and Mail.com reports that now that Consolidated Thompson Mines (TSE:CLM) has completed its’ convertible debenture issue, analysts are taking it seriously again
The Globe and Mail.com reports that now that Consolidated Thompson Mines (TSX:CLM) has completed its’ convertible debenture issue, analysts are taking it seriously again.
The editorial is quoted as saying:
CIBC World Markets Inc. analyst Ian Parkinson is particularly bullish, reinstating coverage with a “sector outperformer” rating and a $17 price target. With iron ore prices remaining high and the company’s growing production profile from its Peppler Lake and Bloom Lake operations in Labrador, Consolidated Thompson “has the cash flow and now the balance sheet to make things happen,” he said.
To access the full editorial, click here.