“CNMC Goldmine remains a prime beneficiary of rising gold prices amidst global uncertainties and increasing demand for the safe-haven asset,” Chan writes.
Lim & Tan Securities analyst Chan En Jie sees more upside to CNMC Goldmine’s share price as spot gold prices climb to fresh highs.
In a Jan 21 report, Chan raised his target price to $1.53, implying a 23.4% upside to CNMC’s last-closed share price of $1.24 on Jan 20.
