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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (71933)1/8/2020 8:19:03 AM
From: Goose94Read Replies (2) of 202705
 
Capstone Mining (CS-T) Canaccord Genuity analyst Dalton Baretto continues to rate "buy." Mr. Baretto elevated his share target to to $1.30 from $1. Analysts on average target the shares at $1.05.

Mr. Baretto sees a "more positive" environment for industrial commodites, particularly copper, in 2020. He says in a note: "Key to this thesis being realized will be a perceived comprehensive deal between the U.S. and China on the trade front. With U.S. President Donald Trump up for re-election in November, we believe his administration will be significantly motivated to present the American public with a deal.

As such, we believe the onus remains on Chinese President Xi Jinping, and we believe Mr. Xi will be more motivated to come to an agreement given a slowing economy at home and rising political pressure from the Hong Kong protests and the Uyghur situation.

With a Phase 1 deal (however opaque) being announced in December, we believe further, and accelerated, progress is likely over the course of 2020."

BMO rated Capstone "market perform," when it could be had for 56 cents.
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