02:29:10 EST Tue 06 Dec 2022
Enter Symbol
or Name

Prime Mining Corp
Symbol PRYM
Shares Issued 112,700,705
Close 2022-09-07 C$ 1.93
Recent Sedar Documents

Globe says Prime Mining a "favourite exploration story"

2022-09-08 08:20 ET - In the News

The Globe and Mail reports in its Thursday, Sept. 8, edition that Desjardins Securities analyst John Sclodnick has reaffirmed his "buy" call on Prime Mining ($1.93). The Globe's David Leeder writes in the Eye on Equities column that Mr. Sclodnick trimmed his share target to $5.25 from $6.75. Analysts on average target the shares at $5.94. Mr. Sclodnick says in a note: "We updated our estimates to factor in the drill results reported so far from Prime's Phase 2 drill program into our scenario analysis which drives our NAV. We also increased our capex estimates for each scenario to reflect the inflationary environment, and increased our equity dilution assumptions to better reflect current trading ranges. Despite our more conservative estimates, our $5.25 target (from $6.75) continues to show a robust potential return, and Prime Mining remains our favourite exploration story." The Globe reported on Oct. 15, 2021, that Mr. Sclodnick was excited about Prime Mining's Los Reyes project in Mexico. He said, "We expect the company to continue to drive value through the drill bit." Mr. Sclodnick rated the shares "buy." The shares could then be had for $4.33.

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