Claude Resources (CRJ.TO) Buy, Sell or Hold

Claude Resources (CRJ.TO)

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COMMENT

He likes this company. Expects there will be more takeovers of companies that have mines in Canada because the cost in Cdn$ is quite beneficial when you are mining gold and silver for US$.

COMMENT

This has turnaround potential and is on his watch list. If it came down about a quarter, he would be far more interested in it then he is now. They seem to be in the midst of a potential turnaround. There is no question they are getting gold out of the ground.

DON'T BUY

Decent company but not one of the best. He likes bigger deposits.

COMMENT

Undergoing expansion at their Seabee mine, which should ultimately derive a 30%-40% increase in their production rate. There are some concerns that if they do not execute on budget, it will put a strain on the balance sheet. He has confidence in management that they can shore this up without having to come to the equity markets. Expect there will be some decent growth over the next 12-24 months.

PAST TOP PICK

(A Top Pick March 31/11. Down 24.58%.) Saskatchewan production with a high-grade production near Red Lake in Ontario. Still likes.

TOP PICK

Gold producer out of Saskatchewan. Been reasonably sleepy for a number of years. Over the last few years they’ve increased the resource size at Seabee and this year their Santoy deposit will allow them to increase production. Have a joint venture at another property, Amisk, which has a significant resource. Also an interesting property at Red Lake close to Goldcorp (G-T).

COMMENT

Junior Canadian gold producer. Probably will not trade with the price of gold. Have their Seabee mine in Saskatchewan as well as a position in the Madsen mine in Ontario, which just had a hit and could be massive for them.

COMMENT

Peaked at about $2.20. Drill results were not too exciting and didn't create much movement.

TOP PICK

Have mines in northern Saskatchewan. They have an excellent gold property in the Red Lake district, near Sudbury and are drilling now. Not expensive.

WEAK BUY

This has been a disappointment to date. Have a mine in Saskatchewan as well as property in the Red Lake area. At current prices, if you believe in higher gold prices, this is okay.

BUY

Likes this stock and it's on his list. Stock has been very lethargic and not sure why. Small producer, cash flow positive and they have the Madison which seems to have a lot of upside potential.

DON'T BUY

Likes the company overall, but they have put together so many private placements and it makes him nervous to see that much dilution.

PAST TOP PICK

(A Top Pick June 9/04. Up 10%.) A lower risk than some other exploration companies because of Placer Dome funding of the Red Lake camp as well as production for a bit of cash flow.

HOLD

Holding will sell if price goes much higher.

TOP PICK

Had just announced exploration results which looked very positive. Like their exploration upside in the Red Lake camp.

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Claude Resources (CRJ.TO) Frequently Asked Questions

What is Claude Resources stock symbol?

Claude Resources is a OTC stock, trading under the symbol CRJ.TO (previously CRJ-T on Stockchase) on the undefined (undefined). It is usually referred to as or CRJ.TO

Is Claude Resources a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on CRJ.TO (previously CRJ-T on Stockchase) on Stockchase. Read the latest expert commentary for Claude Resources.

Is Claude Resources a good investment or a top pick?

Claude Resources was recommended as a Top Pick by Lawrence Roulston on 2004-06-09. Read the latest stock experts ratings for Claude Resources.

Why is Claude Resources stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Claude Resources.

Is Claude Resources worth watching?

Claude Resources is covered by Stockchase experts and is worth watching.

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Richard Orrell

RN Croft Financial Group

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Stan Wong

Private Wealth Management, ScotiaMcleod

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Claude Resources (CRJ.TO)