In late March when LTR was trading at $1.86 we wrote “the stock has enjoyed a great 12-months and we feel its sheer momentum will take it over $2 in the coming weeks – now not a big deal its only 7% away!”. The base metal miner has now indeed popped through $2 as expected taking us to a more neutral stance however there are definitely zero sell signals at present but we wouldn’t be surprised to see the stock back under $2 in the next 1-2 months.
MM is now neutral LTR above $2
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