BMO Capital Markets Reiterates Market Perform (Speculative) Rating, $0.75 PT for Romarco Minerals
In a report published earlier today, BMO Capital Markets reiterated its Market Perform (Speculative) rating and $0.75 price target for Romarco Minerals Inc. (TSX: R).
BMO Capital Markets went on to say “The renegotiation of key equipment contracts provides clarity on financing obligations through to the end of Q3/13. However, BMO Research sees potential risks emerging if the EIS permitting schedule extends materially beyond the current decision date of August 16, 2013.”
Romarco Minerals Inc. closed yesterday at $0.61.
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