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Upgrade Follows Analyst Day
We attended Etruscan Resources Inc.’s (TSX: EET) Analyst Day last week visiting two of its projects in West Aftrica. The trip included an inspection of EET’s Youga project currently under construction in Burkina Faso and exploration activities at its Diba exploration target in West Mali. We are increasing our rating to Strong Buy from Buy and are retaining our 12-month price target of C$8.00 per share and our High risk assessment. Overall, the increase in our rating is due to a higher confidence level in the company’s ability to successfully complete catalysts in the next 12 months important to our investment thesis which include:See full report.
