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Analyst Actions: Analysts Review Sabina Gold & Silver Corp Project Sale to Xstrata

Sabina Gold & Silver Corp. (SBB.TO) is reportedly getting a rousing thumbs-up from analysts for its deal to sell the Hackett River silver-zinc project to Xstrata PLC.

Desjardins Securities analyst Brian Christie maintained a Buy-Speculative rating on the stock, but lowered his price target to $8.50 (from $9.00), which reflects a reduced net asset value from Hackett River, the Financial Post said.

On the other hand, Dundee Securities analyst Paul Burchell hiked his target to $8.90 a share (from $8.70), noting that Sabina's stock price should be positively impacted by a "steady stream of news flow" from Back River over the next several quarters, it said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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