Cygnus Metals Stands Out as M&A Activity Accelerates -- Market Talk

Dow Jones
Oct 22, 2025
 

2233 GMT - Cygnus Metals just got a whole lot more interesting, according to Euroz Hartleys. Canada-listed IAMGOLD has agreed to acquire Northern Superior in a deal worth some US$191 million, expanding its footprint in Quebec. Cygnus owns the Chibougamau copper-gold project nearby. Analyst Kyle De Souza says the IAMGOLD-Northern Superior deal marks "a paradigm change in the reasons for investing" in Cygnus. "We would argue with granted mining permits, a mill and all supporting infrastructure in place Cygnus should carry a multiple of the IAMGOLD/Northern Superior transaction," Euroz Hartleys says. Cygnus owns the only ore-processing mill in the area, which makes the asset attractive to its bigger neighbors. Euroz Hartleys has a speculative "buy" call on Cygnus and A$0.37/share price target. Cygnus ended Tuesday at A$0.14/share. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

October 21, 2025 18:33 ET (22:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10