BMO Capital analyst Raj Ray initiated coverage of Osino Resources with an Outperform rating and C$1.60 price target. The company’s main asset, Twin Hills, is an advanced-stage gold project in Namibia that is scalable with simple executable design and located in a relatively safe jurisdiction proximal to established infrastructure, but the stock’s valuation remains discounted, the analyst tells investors in a research note. Ray adds that as project de-risking continues, he expects Osino shares to re-rate.
Published first on TheFly
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