CY5 - CYGNUS METALS LIMITEDShaw and Partners rates CY5 as Buy...

CY5 - CYGNUS METALS LIMITEDShaw and Partners rates CY5 as Buy (1) - Cygnus Metals reported March quarter results including the merger with Dore Copper Mining Corp, Shaw and Partners notes, with exploration drilling started and two rigs spinning, the analyst states.Dore owns the Chibougamau copper-gold project in Quebec with a CuEq resource of 10.8mt at 3.5%, including a processing facility of 900ktpa and a 250km radius of milling infrastructure.The broker explains Cygnus is developing three lithium projects in James Bay, Canada, with an initial resource at Pontax of 10.1mt at 1.04% Li2O.The company finished the quarter with cash of $10.3m.Shaw maintains a Buy rating, High risk, and a 25c target price.Target price is $0.25 Current Price is $0.09 Difference: $0.158 If CY5 meets the Shaw and Partners target it will return approximately 172% (excluding dividends, fees and charges). The company's fiscal year ends in December.Forecast for FY25:Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.80 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 5.11.Forecast for FY26:Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.36.Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources