The Globe and Mail reports in its Friday, Nov. 22, edition that Desjardins Securities analyst Allison Carson has reiterated her "buy" recommendation for Ascot Resources. The Globe's David Leeder writes in the Eye On Equities column that Ms. Carson trimmed her share target to 80 cents from $1.10. Analysts on average target the shares at 48 cents.
Ms. Carson says in a note: "We are off restriction after Ascot closed its funding package of $52-million, which was completed to support the restart of the Premier Gold mine. We view this as a positive milestone for the company as it offers the liquidity needed to complete development work at PNL and Big Missouri, along with the restart of the mill. We have updated our model to reflect the financing, required development work and 2Q25 restart of the mine."
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