G Mining Ventures upgraded to Buy from Hold at Jefferies

Jefferies upgraded G Mining Ventures to Buy from Hold with a price target of C$13, up from C$10. The firm views the acquisition of BHP’s CentroGold project as a further endorsement of G Mining’s project development value proposition. With Tocantinzinho now in commercial production, a clear path forward with Oko West, and CentroGold in the long-term pipeline, G Mining shares are attractively priced, “offering discounted exposure to a proven mine builder,” the analyst tells investors in a research note.