Berenberg Starts Coverage of Meridian Mining with Buy Call, Sees 89% Upside on Cabaçal Project
Berenberg has initiated coverage of Meridian Mining plc with a "buy" rating, assigning a price target of 168 British pence per share for the London listing and C$3 per share for the Toronto listing. The broker models the Cabaçal mine in Brazil reaching first production in the fourth quarter of 2028, with strong early-stage output, attractive margin…