Blue Moon Metals (MOON:CA)
Scotiabank has maintained its Outperform rating on Blue Moon Metals and reaffirmed its 12 month target of $6.00 per share, signaling continued confidence in the company’s long-term potential. Analysts highlight Blue Moon’s meaningful exploration upside, particularly as drilling continues to validate the scale and grade of its flagship polymetallic project. Analysts also noted that the company is well positioned to benefit from a supportive macro backdrop, with strengthening base-metal prices, including zinc and copper prices which are enhancing the valuation of undeveloped resources and improving the economics of future production.
Blue Moon’s strategic project advancements, improving balance-sheet position, and exposure to metals linked to industrial activity and energy-transition infrastructure add further appeal for investors seeking leverage to a rising commodity cycle.
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