Movers and SHAKERS
Thursday, May 14, 2020
Ely Gold Royalties (ELYGF)(ELY:CA)
Building on Momentum
As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Ely closes on purchase of second producing royalty at Jerritt Canyon. Ely Gold announced that it has completed the purchase agreement of a 0.5% net smelter returns royalty on the Jerritt Canyon mine, located near Elko, Nevada. Royalty payments began to accrue in February 2020. Ely Gold also holds a per ton royalty interest on the Jerritt Canyon processing facilities and a 0.75% producing royalty on the Isabella Pearl mine operated by Gold Resource Corp.
Ely graduates to the OTCQX. Ely Gold upgraded to the OTCQX Best Market from the OTCQB Venture Market and began trading on May 12, 2020 under the symbol “ELYGF.” Because listing requirements are more stringent, graduating to the OTCQX market is expected to enhance the company’s visibility among U.S. investors and liquidity. Ely also trades on the...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.