High River Gold Mines (HRG.TO) Buy, Sell or…

High River Gold Mines (HRG.TO)

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8 watching

BUY

Has been up 2 days in a row. Very encouraging. Likes the volume, but this is difficult to interpret, as it is not a very actively traded stock. Sell if it pulls back to $1.25. $1.50-$1.60 would be a short-term goal and maybe even $2.00 down the road.

HOLD

Market has not liked this one but it is now moving up. His point and figure chart shows a potential catapult pattern, which is very important. It could possibly rally back into the $3 area.

HOLD

A producing gold company with a takeover offer of $.30, which he doesn't like. They've solved their short-term financing issues so there is no reason to sell the company.

COMMENT

Longer-term gold is going to push out to new highs. This is a good way to get exposure to the higher price of gold. Production profile looks pretty good.

BUY

(Market Call Minute.) This stock has been taken out behind the woodshed. Assets are overseas, but it is okay.

DON'T BUY

Hit the wall in terms of their debt covenants. Ran into lots of problems in terms of their loans that were about to be pulled. A lottery ticket at this point.

COMMENT

Doesn't know this one really well but in golds, you have to stick with the senior producers. Would not be in exploration companies as there is not enough capital available.

SELL

(Market Call Minute.) Use this as a tax loss sell and move on to more of a senior producer level.

TRADE

Market is upset with last deal they did with Russian company. Last transaction was very dilutive to the company.

BUY

Have suffered over the last few months. Announced that costs had increased significantly. Expects the costs to decline as production ramps up. Good entry point. Operating in Russia and Burkina Faso increases their overhead costs.

HOLD

(Market Call Minute.) Likes this one. Made a little nickel deposit acquisition in the Soviet Union and expect they are planning on putting it into another subsidiary.

HOLD

Has had a lot of volatility but seems to be breaking through now. Had very strong volume. Getting very close to the peak of July/07, Oct/07 and about one month ago. It's a very strong resistance point. If it can break through $3.25, it has good potential and could go to $4.50 to $5.00. $2.80 would be its downside. Below $2.70, get out.

HOLD

Assets in Russia. A solid hold.

WEAK BUY

First class management. Nervous about Russia. Likes their assets in West Africa and Burkina Faso. If they could do something about their Russian operation, such as sell or get more partners, he would be more comfortable.

WEAK BUY

It should trade as an intermediate tier gold company. Would like to make sure the valuation is compelling. What scares him on this is the Russian exposure. Very good quality management.

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High River Gold Mines (HRG.TO) Frequently Asked Questions

What is High River Gold Mines stock symbol?

High River Gold Mines is a OTC stock, trading under the symbol HRG.TO (previously HRG-T on Stockchase) on the undefined (undefined). It is usually referred to as or HRG.TO

Is High River Gold Mines a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on HRG.TO (previously HRG-T on Stockchase) on Stockchase. Read the latest expert commentary for High River Gold Mines.

Is High River Gold Mines a good investment or a top pick?

High River Gold Mines was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for High River Gold Mines.

Why is High River Gold Mines stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for High River Gold Mines.

Is High River Gold Mines worth watching?

High River Gold Mines is followed by 8 investors on Stockchase and is a trending stock that is worth watching.

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