Opinions Robert Cohen B.A.Sc., MBA, CFA
Meridian GoldMNG.TOCOMMENTSep 06, 2007
Yamana Gold (YRI-T) trying to acquire. Management/shareholders are opposed. Grew through exploration while Yamana grew through acquisitions. Have a number of projects that are not being recognized by the market. Possibly has some other suitors.
$33.68
Stock price when the opinion was issued
precious metals
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BUY
HOLD
Has been an enigma, in that they have good operations, good management but didn't seem to go anywhere. Have been hit with a lot of operational problems in Argentina. Have some very exciting expiration projects that they are working on. Outlook seems good. The big question is, will it be a takeover target.
Bill BelovayOwned
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TOP PICK
Company hasn't grown. New CEO, which may mean they're going to start growing by acquisition or, it might be acquired because it is a friendlier face. Have some very good projects.
Bill BelovayOwned
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BUY
Even though it's a gold company it also has silver. He is bullish on Silver. Predicts the stock will go up.
Jean-Francois TardifOwned
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WAIT
Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.
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WATCH
PAST TOP PICK
(A Top Pick Nov 16/04. No change.) Went into a horizontal trading range where it still is. A good area to accumulate it here or around $19/20. A gold stock that is ahead of the crowd.
Ron MeiselsOwned
precious metals
BUY ON WEAKNESS
TOP PICK
Gold broke out when it crossed $425 and next target is $450. Has formed a good base and just had a break out.
Ron MeiselsOwned
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