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Lundin Mining: BMO Lowers Targets, Rating Based On Expected Lackluster News Flow

On August 19, BMO Capital Markets lowered their 12-month price target on Lundin Mining Corporation (TSX: LUN) to C$14.50 from
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This article was originally published by The Deep Dive

On August 19, BMO Capital Markets lowered their 12-month price target on Lundin Mining Corporation (TSX: LUN) to C$14.50 from $16 and downgraded their recommendation to market perform from outperform. Their analyst, Jackie Przybylowski, is expecting fewer catalysts in the second half of 2021. This comes after JP Morgan and Raymond James also cut their price target earlier this year. The stock was down 6.5% yesterday on the news.

Lundin Mining has 23 analysts covering the stock, with an average consensus estimate of $14.21, or a 35% upside. Out of the 23 analysts, 3 have strong buy ratings, 7 have buys and 13 have hold ratings. The street high sits at $20 from IA Capital Markets while the lowest sits at $10.

Przybylowsk warns that Lundin’s growth and optimization of existing sites will take longer than expected and expects the processes to be completed by 2022 at the earliest. She adds, “We see downside risk in the near term as projects reach the challenging “implementation” stage.”

BMO points to two challenges the company is facing. The first being operational challenges at Candelaria, where the company previously lowered their 2022 and 2023 copper production guidance by 10-15%. BMO is hoping to get more granular detail at the company year-end guidance in late November or December. She adds, “which is likely to include a corresponding drop in gold guidance after the mine and production plan is reviewed in detail.”

The second challenge cited is execution risk at Neves-Corvo. They believe that expectations are not accounting for a 20-day outage required to complete the mine in January 2022.

The last thing BMO warns investors about in their note is the potential geopolitical risk, which serves as a headwind. They warn that risks of higher taxes and royalties in Chile are likely to move the stock, even though Lundin has tax stability in place until 2023.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Lundin Mining: BMO Lowers Targets, Rating Based On Expected Lackluster News Flow appeared first on the deep dive.

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Making a Penny Stocks Watch List in October? Check These 3 Out

Are these penny stocks on your September watchlist?
The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks…

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3 Penny Stocks to Watch in October 2021 

With the month of October fast approaching, many investors are looking for the best penny stocks to buy. While it is still around a week or so away, being proactive can mean the difference between making money with penny stocks and losing money with penny stocks. So, for that reason, it is always best to try and stay ahead. 

Now, a new month may not seem like a big deal, and it usually isn’t. However, it can present a symbolic shift. What this means is that investors will often view a new month as a clean slate, and it sets the tone for the near term. Historically, September is a month of less than stellar trading. If we look back in the last 90 years or so, September has posted an average return in the S&P 500 of -0.99%. And while these are only averages, they can be important to consider for investors of all types. 

[Read More] Hot Penny Stocks To Watch Under $1 Right Now

So, if we understand this, we can see that October may have better cards on the table. But, at the end of the day, making money with penny stocks all comes down to having a trading strategy and understanding how the market works. 

With a trading strategy, it should be individualized, and match your unique investing goals. And to understand how the market works, it would be beneficial to seek out a trading education. So, taking all of this into consideration, let’s look at a few penny stocks that could be worth keeping an eye on next month. 

3 Penny Stocks For Your October Watchlist 

  1. Clear Channel Outdoor Holdings Inc. (NYSE: CCO
  2. CytoDyn Inc. (OTC: CYDY
  3. IAMGOLD Corp. (NYSE: IAG

Clear Channel Outdoor Holdings Inc. (NYSE: CCO)

Clear Channel Outdoor Holdings Inc. is a penny stock that has pushed up by over 24% in the past six months. This brings its YTD gain to over 60% and its one-year gain to over 125%. If we look at the chart, we see that CCO stock is also on a very linear path, which is not something we see with many other penny stocks.

If you’re not familiar, Clear Channel is a communications company that sells advertising displays. Among its offerings are info kiosks, billboards, bulletins, posters, transit displays, and much more. As of December 31st, 2020, the company had 71,000 ad displays in the Americas, and 430,000 ad displays in Europe.

In July, Clear Channel reported its second-quarter results for 2021. During this period, the company’s revenue grew by a very solid 36% to a total of $271.6 million in the Americas. Also in the Americas, its segment-adjusted EBITDA rose by 170.6% year over year as well, to $127.2 million. For Europe, its revenue and segment adjusted EBITDA rose 130.2% and 102.5% respectively. These numbers are all very exciting for the company and show encouraging signs of growth.

CEO William Eccleshare said, “In the third quarter, all of our business segments are growing well ahead of last year with some markets now beginning to exceed 2019 levels, reflecting the easing of remaining mobility restrictions across the majority of our markets, pent-up advertising demand and the strength of our value proposition.” Following its participation in the Goldman Sachs Communacopia Conference on Tuesday, September 21st, CCO is continuing to see momentum. With this in mind, will CCO be on your penny stock watchlist?

CytoDyn Inc. (OTC: CYDY)

CytoDyn Inc. is a biotech penny stock that has climbed by over 60% in the past month alone. This sizable momentum is due to both events from the company and its placement as a leading biotech stock. For more information, CytoDyn is developing treatments for different medical applications with its leronlimab drug. Leronlimab is a humanized monoclonal antibody that targets the CCR5 receptor. This product has previously been tested on those with HIV as a potential treatment. However, the company is studying a variant of leronlimab for its potential to treat those with COVID-19.

[Read More] 10 Top Penny Stocks To Watch This Week With Potential Biotech Catalysts

On September 9th, CytoDyn announced the treatment of its first patient in its Phase 3 COVID-19 trial in Brazil for patients with severe symptoms. Now an interim analysis will be conducted 28 days after the enrollment of 245 total patients. This trial is being done by the Academic Research Organization Albert Einstein Hospital.

“Today marks the first day of the much anticipated clinical trial in Brazil that we have been waiting for and we are so grateful to our team who conducted the CD12 trial in U.S. that produced a wealth of information for us to be able to appropriately design and power these two studies.”

President and CEO of CytoDyn, Nader Pourhassan

Because of CytoDyn’s recent advancements, the company’s stock price has skyrocketed in the last month. In September, shares of CYDY stock shot up by over 22.5% in the market. Noting all of this, will CYDY make your penny stocks watchlist?

Penny_Stocks_to_Watch_CytoDyn_Inc._(CYDY_Stock_Chart)

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a company that develops a wide range of gold mining properties. It explores for, develops, and operates land in multiple countries which makes it an interesting mid-sized gold stock. IAMGOLD’s operations primarily take place in North America, South America, and West Africa. Spread across these locations are mines with high-gold potency such as the Westwood mine, the Boto gold project, and many more.

On September 16th, the company reported assay results from the Lac Gamble drilling program on the Rouyn Gold Project. This project is located in Canada. IAMGOLD is reporting results from seven diamond drill holes that total 1,826 meters. The objectives of the drilling program were to complete an initial geotechnical drilling campaign and test for potential extensions down plunge.

“Our drilling program at Lac Gamble earlier this year specifically targeted some selected areas for possible extensions, as well as to complete some initial geotechnical drill holes to assess rock quality in the context of a potential underground mining scenario.”

Executive VP of Growth at IAMGOLD, Craig MacDougall

While the price of IAG did not immediately shoot up on the news of this announcement, its volume is much greater than its average. In fact, its volume is about double its market average over the past few days. So considering this, will IAG enter your list of penny stocks to watch?

Penny_Stocks_to_Watch_IAMGOLD_Corporation_(IAG_Stock_Chart)

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy right now can be challenging, but with so many factors occurring, there is plenty of momentum to take advantage of. Right now, the largest impacting factor is Covid, which is definitely something to look out for.

[Read More] Are Biotech Penny Stocks Worth Buying? Check These 3 Out

But, if you stay up to date with the news, it can be much easier to make money with penny stocks. Considering this, which penny stocks are you watching right now?

The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Precious Metals

Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold

Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0
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Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0 million “strategic investment” into West Africa-focused gold explorer, Roscan Gold Corporation. The move sets the stage for Asante Gold to grow its reach in the African gold exploration market.

Under the term sheet, the firm has agreed to purchase 22.1 million Roscan Gold common shares at $0.29 per share, a 14% premium to its share price on September 22, 2021. At the transaction’s close, Asante Gold is expected to own approximately 6.7% of the outstanding Roscan Gold common shares.

“Roscan’s 100% owned Kandiole Gold Project in West Mali is located in one of the most prolific and productive gold jurisdictions in Africa,” said Asante Gold CEO Douglas MacQuarrie. “With this investment, Asante’s shareholders gain exposure to Roscan’s large exploration upside, and at a very attractive entry point.”

Related to this planned investment, the two gold exploration firms also entered into an investors rights agreement which will give Asante Gold a possible right to appoint a member in Roscan Gold’s board, subject to time and ownership thresholds.

The investment transaction is expected to close on October 15, 2021, subject to customary closing conditions.

Asante Gold last traded at $1.13 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold appeared first on the deep dive.

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Top Lithium Stocks To Watch

Will these lithium stocks go up in the market this month? Lithium…
The post Top Lithium Stocks To Watch In Mid September appeared first on Gold Stocks…

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Will these lithium stocks go up in the market this month?

Lithium stocks are a huge market, and there are many options for investing. This sector is heavily impacted by a few key things. Obviously, the pandemic and the world have a big effect on lithium stocks, but let’s get into the specifics. Electric vehicles are the main reason that lithium stocks move up or down in the market right now. EVs grow in popularity every single year that goes by. This material is used to make lithium-ion batteries, which are key in electric vehicles of all types.

This means that as EVs continue to grow in popularity, so will lithium. Sure a battery technology could be found that is more efficient, but this is not realistic in the near future. All of the giant EV corporations such as Tesla and NIO use lithium-ion battery technology because of their longevity and usability. When EV stocks aren’t performing well in the market, this often reflects on lithium stocks.

So how do you know which lithium stocks are the best to watch? For starters, look for companies that have big contracts with large EV manufacturers. If a company has a lot in its pipeline, there are more things to rely on in terms of positive performance. Looking at the latest company-specific news is the best way to see what it is up to at the moment. The lithium mining sector is also important to look at for things like shortages and surplus. With all of this in mind, let’s look at three lithium stocks that have market potential.

Top Lithium Stocks To Watch

  1. Lithium Americas Corp. (NYSE: LAC)
  2. American Battery Metals Corporation (OTC: ABML)
  3. Livent Corporation (NYSE: LTHM)

Lithium Americas Corp. (NYSE: LAC)

Lithium Americas Corp. is a resource company that explores at various lithium deposits. The company holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. Lithium Americas experienced a large amount of positive momentum in the last year as the EV and tech markets have grown.

Back in August, the company reported its second-quarter results for 2021. Lithium Americas total assets and cash increased due to $377.4 million net proceeds raised from the underwritten public offering of common stock. The company’s expenses rose and its net loss increased during this period as well. This higher net loss is because of higher Thacker Pass expenditures and a $4.7 million loss on the JEMSE transaction. Keeping this in mind, will LAC make your list of lithium stocks to watch?

American Battery Metals Corporation (OTC: ABML)

American Battery Metals Corporation is a lithium stock we have mentioned on goldstocks.com before. This is a company that explores for, mines, extracts, and recycles battery materials. American Battery Metals offers lithium-ion battery recycling, battery metal extraction technologies, and primary resources development. The metals it produces are used for batteries that power electric vehicles, grid storage applications, and electronics.

Just a few days ago, the company announced the expansion of its primary battery metal extraction development. The company’s development now includes nickel and cobalt resources in addition to lithium. This was accomplished via a collaborative agreement with Global Energy Metals Corporation.

CEO and CTO Ryan Melsert said, “Our partnership between American Battery Technology Company and Global Energy Metals Corporation represents a complementary and actionable effort towards establishing a North American supply of critical and strategic materials that will fuel the global transition towards an electrified and domestic closed-loop circular economy.” This company is currently in the process of changing its name to American Battery Technology Company. Is ABML going to make your lithium stock watchlist?

Livent Corporation (NYSE: LTHM)

Livent Corporation is a manufacturing and selling company for lithium ion batteries. It also deals in specialty polymer and chemical synthesis applications. Livent Corporation offers lithium compounds that are used by various companies. This is another high-performing lithium company that has seen a lot of momentum in the last year. So let’s check out the latest from Livent Corporation.

In August, the company released its second-quarter 2021 results. The company experienced a higher volume than normal. It also completed a $262 million equity issuance to fund its capacity expansion during the second quarter. Livent has now raised its full-year guidance for 2021. Its revenue went up 11% from the first quarter of 2021, and 57% year over year. Its adjusted EBITDA rose 44% higher since the start of the year and 150% higher since the same period last year.

President and CEO Paul Graves said, “We were pleased to complete the equity issuance and are focused on executing on our capacity expansion projects, which are progressing on schedule.” In 2021, LTHM stock has been going up in the market. The company has experienced a lot of spikes and dips throughout the year. With this in mind, will LTHM enter your lithium stock watchlist in September?

Top Lithium Stocks Right Now?

Deciding which lithium stocks to buy can be a difficult process sometimes. That is why making sure you know what is going on in the market is key in the process. If you are up to date on sector news and company news for the lithium stocks you are looking at, it can make the process a lot easier. No matter which lithium stocks you buy, there are a lot of great options in the market. So which lithium stocks will be on your list this month?

The post Top Lithium Stocks To Watch In Mid September appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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