Dundee Raises Target on ANV

RON STEWART, Dundee Securities (04/01/2011)
"Yesterday after market, Allied Nevada released a resource update at its 100%-owned flagship Hycroft Au/Ag mine in Nevada. M&I gold resources jumped 128% to 16.1 Moz. and silver jumped 225% to 600 Moz. . .including inferred, the total mineral inventory now stands at 18.8 Moz. gold and 701 Moz. silver. We have consequently adjusted our target price higher, to $45/share, by simply adding a 35% takeout premium to yesterday's close. . .we consider ANV to be a BUY at these levels and higher."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: