Aurcana’s Increased Silver Resource Praised by Analysts

Mineweb reported that analysts are giving kudos to Aurcana following a resource update to 115 million ounces silver plus base metals over a previous resource estimate.

As quoted in the market news:

Casimir Capital increased its price target to C$1.35 from C$1.70, while Stonecap Securities upped its forecast from C$1.20 to C$1.50. A hold-out was Roth Capital Partners, where analyst Brian Post preferred to maintain a C$1.50 buy target until the resource estimate is filed with regulators, giving more details on La Negra mineralization.

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