Take physic, pomp

Two brokerage notes for y’all: CIBC on Fortuna (FVI.to), Desjardins on Copper

1) Want to know what CIBC thinks of Fortuna Silver (FVI.to) after this week’s results and ConfCall? Click here for the note by Brian Quast but don’t expect negativity. Apart from his modest price target (which looks likely for review soon), your author agrees with Quast’s call here.
2) Desjardins has seen the copper bull very well this past year/18 months and isn’t going to start rolling over yet, it seems. Here’s how the latest note begins:

“Copper outlook—US$4/lb may be too conservative
“At the risk of sounding like a ‘broken record’, the outlook for the copper market remains extremely strong. We would suggest that the risk is that demand will outstrip supply by an even greater amount than we forecast, driving prices well above our forecast average price for 2011 of US$4/lb.”

To read it all, download right here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.