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.
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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.
