Stifel initiated coverage of Western Copper (WRN) with a Buy rating and C$5.50 price target Casino’s development optionality “ideally positions” Western for a continued re-rating against a backdrop of project derisking catalysts, the analyst tells investors. The firm, which believes large-scale, high-quality, undeveloped copper-gold projects in favorable jurisdictions will hold strategic importance and a premium valuation in the next copper cycle, calls Casino “ideally suited as an M&A target.”
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