Jefferies Initiates Coverage on Mining and Biosciences Stocks
Jefferies has initiated coverage on several companies, including Iamgold and Eldorado Gold with 'buy' ratings due to growth prospects, and Hecla Mining with a 'hold' rating. Additionally, Jefferies began coverage on Anthem Biosciences with a target of Rs 1,050.
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Jefferies initiates coverage on Anthem Biosciences with a Rs 1,050 target
Jefferies has initiated coverage on Anthem Biosciences with a Buy rating and Rs 1,050 target, implying around 20% upside. The brokerage is bullish on the company’s integrated CRDMO model, strong return ratios and growth prospects, forecasting 18% revenue CAGR through FY29. Key triggers include new commercial molecules and biosimilar launches, while customer concentration and high capex remain key risks.
Read full article →Jefferies initiates Iamgold stock with buy rating on Côté Gold growth
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