Analyst Wendell Zerb of Canaccord Adams maintains his “buy” rating on EuroZinc Mining Corporation (ticker: EZM). The target price has been raised from C$2.85 to C$3.85.
In a research note published this morning, the analyst mentions that the upgrade in rating is based on the revision in the long-term metal price estimates. The long-term price estimate for copper has been raised from $1.05 per lb to $1.15 per lb. The long-term price estimate for zinc has been raised from $0.52 per lb to $0.58 per lb.