Does MM think Jervois Global Ltd (JRV) is a buy?

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Question asked 14/05/2022

Does MM think Jervois Global Ltd (JRV) is a buy?

Hi Guys, Love your work, particularly in such challenging times! I’ve recently been told about JRV and was recommended to buy. Could you please let me know your thoughts on it and if you think it could be a good purchase opportunity given recent decline? Many thanks

Answer

Hi Kim,

Thanks for the thumbs up in these testing times, its most certainly a tricky market with aggressive rate hikes looming over proceedings.

Jervois Global Ltd (JRV) is a $1.1bn cobalt development company which like many stocks in the EV space has been a volatile over the last few years. We have an analyst on this stock (Andrew Hines) at Shaw who rates rates this company very highly and has a 92c price target on it. We are actually more neutral around today’s ~70c area remaining cognisant that Tesla (TSLA US) is already using cobalt-free batteries in 50% of its new cars and the stock was trading ~10c just 2-years ago. i.e. i’m not personally sold on the story.

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Jervois Global (JRV)

LAST UPDATED 13/05/2022 07:03

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