G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) received a $6 per share increase in its target price to $30 from analysts at National Bank Financial on Thursday, who noted the company’s management team has demonstrated their ability by bringing the TZ mine on-line on time and on budget.
“G Mining remains a long-term Top Pick, as the senior-worthy team of mine builders is demonstrating an ability to deliver projects on time and on budget, partnered with G Mining Services (GMS), a full-service mining consultancy powerhouse whose track record includes construction of Fruta Del Norte, Merian, Essakane and others on time and under budget,” the analysts wrote.
They added that having built multiple mines, G Mining has access to global networks and expertise in procurement, supply chain and construction management.
The National Bank Financial analysts also pointed to the positive macroeconomic environment for precious metal prices.
They maintained their ‘Outperform’ rating on the stock.