Ramp Metals stock surges on Sprott backing for Saskatchewan project
Ramp compares its project with the eye structure of the Nova-Bollinger nickel-copper mine in Western Australia.
Teck Resources, First Quantum, Lundin Mining, Cameco and Labrador Iron Ore have been named as top mining picks in an investors note by RBC Capital Markets analyst H. Fraser Phillips.
These five were selected for their strong balance sheets and free cash flow, though it may take a while for global economic recovery to eat up excess inventories.
“Global economic prospects appear to be improving but slow growth remains a challenge,” said Phillips.
“Significant excess inventories have accumulated and capacity utilization rates are well below full effective levels, pointing to a weak commodity pricing environment.”
Cameco — $24.00
Labrador Iron Ore — $34.00
First Quantum — $22.00
Lundin Mining — $5.75
Teck Resources — $35.00
Cameco’s Cigar Lake Operations (Credit: Cameco)
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