Byron Capital Markets

Byron Capital Markets

September 23, 2011 09:21 ET

Byron Capital Markets Initiates Excelsior Mining Corp. at "Speculative Buy" With C$2.10 Target

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Byron Capital Markets Ltd. is pleased to announce that mining analyst Merrill McHenry has initiated coverage today on Excelsior Mining Corp. (TSX VENTURE:MIN) with a Speculative Buy rating and a target price of C$2.10.

In this 32-page research report, Merrill gives a comprehensive overview of the company, with specific focus on the exploration and development at the Gunnison Copper project located in the prolific copper porphyry belt of Arizona, as well as the company's growth plans over the next few years.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the metals and mining sector.

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