Reagor said, “Although our changes to our Bongara model increased our DCF we have elected to maintain our Buy rating and $2.25 price target as the $0.15 per share increase was not significant enough to justify a revision. The direct impact of these changes increased our DCF valuation from $2.23 to $2.38 per share; we rounded down to achieve our price target of $2.25. We continue to view XPL as having an underappreciated asset portfolio and look to XPL’s next technical report to provide additional mine plan assumptions for Bongara”.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Joe Reagor currently has a one-year average return of 12.0 and an 80% success rate. He is ranked #1092 out of 3137 analysts.