Global Hunter Securities Starts Timberline Resources (TLR) at Accumulate; Profitable and Stable Timberline Drilling Division
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Price: $0.17 --0%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Global Hunter Securities initiates coverage on Timberline Resources (NYSE: TLR) with an Accumulate. PT $1.35.
Global analyst said, "Timberline Resources is on the cusp of becoming a producing gold company while still maintaining its hybrid business model of an exploration & development company along with a profitable drilling service business. Timberline presents an excellent opportunity to gain exposure to a gold producer with a robust pipeline of exploration & development projects in Nevada. We believe as the Butte Highlands JV comes online and ramps up production; enhanced profitable cash flow will attract a new level of interest from investors not comfortable with an exploration & development stage company. The added bonus is Timberline Drilling is a consistent, profitable stand-alone entity which has historically partially offset the cash-burn for the parent company. We believe Timberline is currently undervalued when compared to other junior producers of precious metals based in the U.S."
For more ratings news on Timberline Resources click here and for the rating history of Timberline Resources click here.
Shares of Timberline Resources closed at $0.77 yesterday.
Global analyst said, "Timberline Resources is on the cusp of becoming a producing gold company while still maintaining its hybrid business model of an exploration & development company along with a profitable drilling service business. Timberline presents an excellent opportunity to gain exposure to a gold producer with a robust pipeline of exploration & development projects in Nevada. We believe as the Butte Highlands JV comes online and ramps up production; enhanced profitable cash flow will attract a new level of interest from investors not comfortable with an exploration & development stage company. The added bonus is Timberline Drilling is a consistent, profitable stand-alone entity which has historically partially offset the cash-burn for the parent company. We believe Timberline is currently undervalued when compared to other junior producers of precious metals based in the U.S."
For more ratings news on Timberline Resources click here and for the rating history of Timberline Resources click here.
Shares of Timberline Resources closed at $0.77 yesterday.
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