Primarily a copper mining operation with gold and molybdenum less so. Bought this at $4.40 on Sept 6 2007. Since then has been in uptrend recently breaking out of prior resistance of $5.49. Closed at all time high $5.79 on Oct 5. Has gained 123% ytd and still a buy imo. RSI rating of 98, TTM EPS growth of 48%, ROE 58%, gross margin 53%, still a bargain trading with a P/E of 15. Well managed company and they keep discovering new ore deposit within their mines and buying new equipment to keep up production. Mine life estimated at least 21 years with current reserves. Only 12% institutional ownership but one is large Canadian pension fund. So I think this improves the risk profile.
In short the fundamentals are solid, price performance technicals hot, and my target price is $12-15 in one year. See Reuters research or MSN money for reviews. Also, a CAPs favorite. S & P report not optimistic but only covered by one Raymond James analyst, rated lower b/c of inherent risk profile of metals and mining sector.
$5.7 (10/07/07)
Agree
Disagree
