Byron Capital Markets reports that it has initiated coverage today on Formation Metals Inc. (TSE:FCO) with a Buy rating and a target price of $2.70.
The press release is quoted as saying:
In this 19-page research report, analyst Jonathan Lee gives a comprehensive overview of the company, with specific focus on its late-stage high-purity cobalt mine, and the company’s Sunshine Precious Metals Refinery in Idaho.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1927.02 | -0.29 | |
| Silver | 23.71 | +0.03 | |
| Copper | 4.21 | -0.02 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 79.07 | +0.20 | |
| Heating Oil | 3.12 | -0.02 | |
| Natural Gas | 2.74 | +0.05 | |
