Global Hunter Securities Starts Brigus Gold (BRD) at Accumulate; Balance Sheet Clean Up and Asset Allocation Will Continue
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Price: $10.73 --0%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Global Hunter Securities initiates coverage on Brigus Gold (NYSE: BRD) with a Accumulate. PT $1.90.
Global analyst says, "The company's mining operations are located in the Timmins mining camp of Ontario, Canada. In addition, it owns a late-stage development project in Saskatchewan, Canada. We believe Brigus has the potential to produce more than 170,000 ounces of gold annually by 2015, with the ability to produce over 200,000 ounces afterwards."
"Brigus continues to make progress in restructuring its balance sheet, aided by its divestiture of non-core assets in Mexico and the Dominican Republic to smaller public companies, from which it has received cash and securities."
For more ratings news on Brigus Gold click here and for the rating history of Brigus Gold click here.
Shares of Brigus Gold closed at $1.16 yesterday.
Global analyst says, "The company's mining operations are located in the Timmins mining camp of Ontario, Canada. In addition, it owns a late-stage development project in Saskatchewan, Canada. We believe Brigus has the potential to produce more than 170,000 ounces of gold annually by 2015, with the ability to produce over 200,000 ounces afterwards."
"Brigus continues to make progress in restructuring its balance sheet, aided by its divestiture of non-core assets in Mexico and the Dominican Republic to smaller public companies, from which it has received cash and securities."
For more ratings news on Brigus Gold click here and for the rating history of Brigus Gold click here.
Shares of Brigus Gold closed at $1.16 yesterday.
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