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Benzinga
Benzinga
Business
Akanksha Bakshi

BMO Capital Cuts NextSource Materials Price Target By 14%

Next BMO Capital TSX

BMO Capital analyst Robin Fiedler lowered NextSource Materials Inc (TSX:NEXT) (OTC:NSRCF) price target to C$6 from C$7 while maintaining the Outperform rating on the shares.

The analyst states that despite progressing well with Phase-1 of the graphite mine, NEXT's share performance has waned recently, absent any further clarity on the anode plant strategy.

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