01:11:54 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Patriot Battery Metals Inc
Symbol PMET
Shares Issued 92,848,572
Close 2023-07-05 C$ 15.90
Market Cap C$ 1,476,292,295
Recent Sedar Documents

Globe says Patriot Battery Metals kept at "buy"

2023-07-05 08:04 ET - In the News

The Globe and Mail reports in its Wednesday, July 5, edition that Desjardins Securities analyst Frederic Tremblay has reaffirmed his "buy" recommendation for Patriot Battery Metals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tremblay continues to target the shares at $21. Analysts on averaqe target the shares at $18.51. Mr. Tremblay is keen on its flagship Corvette property and on the 2023 summer-fall drill program. Mr. Tremblay says in a note: "Beyond what we expect to be sector-leading scale from the initial resource estimate, we like the significant resource expansion potential of the 100-per-cent-owned Corvette property. ... PMET's share price has more than doubled in the year to date (vs 3.5 per cent for the S&P/TSX Index) and is up significantly over the past couple of years, thanks in large part to strong exploration results and the attractiveness of the Corvette project, as well as positive sector developments (lithium pricing, North American incentives, etc). That said, with a pending maiden resource estimate, we believe the stock does not fully price in the potential sector-leading scale of CV5 and the exploration potential across the Corvette property."

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