Global Hunter Securities Starts Atna Resources (ATNAF) at Accumulate; Showing Promise

June 28, 2012 8:52 AM EDT
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Global Hunter Securities initiates coverage on Atna Resources (OTCBB: ATNAF) with a Accumulate. PT C$2.00.

Analyst, Jeff Wright, said, "Atna Resources (ATN) is showing promise as an expanding gold producer focused on the western U.S. It is currently producing gold at the Briggs Mine in California and proceeding with reopening the Pinson Mine in Nevada as an underground operation in late 2012. Additionally, we see a pathway for ATN to surpass 200,000 ounces of gold production per year by 2015 with expansion and development of its existing projects. ATN's profitable growth as a gold company operating exclusively in the U.S. should, in our opinion, attract attention from investors."

For an analyst ratings summary and ratings history on Atna Resources click here. For more ratings news on Atna Resources click here.

Shares of Atna Resources closed at $0.92 yesterday.

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