Placer Dome (PDG.TO) Buy, Sell or Hold

Placer Dome (PDG.TO)

0.00

-0.00 (0.00%)

0 watching

BUY

Feels that over the next year or two, the US$ will continue to be weak. Has some excellent properties around the world. Production costs have moved up which has hurt the stock, but a good opportunity to buy.

TOP PICK

Likes management and the quality of their projects. Production will be up a little next year, not necessarily a growth story. Costs will go up fairly significantly because of the decline in the US $. Has not participated yet in the price of gold. Newxt time gold moves up, the share price here should take part.

PAST TOP PICK

(A Top Pick June 7/04. Option Call on the stock and was up 11%.)

BUY

They have hedged gold, so didn't get the full benefit of the increases in gold prices. Management has stopped increasing their hedge book. Should do OK from now on.

BUY

Gold has weakened lately with the recovery of the US$. Has a hedge book, so not a pure gold play, but it will go up with the rest of the gold plays.

TOP PICK

One of Canada's 2 great gold mining companies. A lot of new gold production coming on stream. New management. Has been lagging to the price of gold and is looking for some catch-up.

DON'T BUY

Gold goes up, but their earnings are going down. Model price is $20.44.

BUY

As long as US$ is falling, every portfolio should own some gold. Prefers quality names. This one also has the benefit of being in the base metal area.

BUY

Gold has moved over $450. Have a couple of big projects and if they pay off, this stock could get very robust.

TOP PICK

Positive on gold stocks. Inversely correlated with the US$. Also has representation in other metals such as copper which are acting very well.

BUY

Still has a hedge book outstanding which has the ability to create problems. World class discovery in Nevada. Gives good leverage to the US$.

BUY

Gold has broken out when it crossed the $425. Next target is $450.

HOLD

The gold move is slowly coming to an end and they are reducing their holdings. $30 would be a good exit point.

BUY

In general, the outlook for gold stocks looks pretty good. Expects large companies will add to their production by acquisition of juniors.

TOP PICK

Expects gold to be relatively quiet for a short while and then very good potential to get to a higher price early next year. The big value driver is going to be the growth and reserves. Have a couple of very good plays.

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Placer Dome (PDG.TO)