Daily Stock Opinions and Ratings

Opinions

Joe Mazumdar SilverCrest Metals Inc SIL-T BUY Mar 02, 2020

They had a sound model on where the gold was and now they found more. The management team are great. They are in Northern Mexico. He thinks the permit will not be an issue. It is at a very high multiple due to their silver assets.

Joe Mazumdar

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$8.610

Stock price when the opinion was issued

precious metals

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PAST TOP PICK

(A Top Pick Jan 27/06. Up 26.2%.) Bridge financiers. Earnings continue to grow. Prudent lenders. Would still buy.

BUY

Wonderfully managed company. Cutting edge of 21st century financing. Specializes in bridge loans and other capital investments that local bankers don't do. Well diversified. Good long-term hold.

PAST TOP PICK

(A Top Pick May 12/06. Up 7.7%.) In the financing sector, particularly resources. Just reported nice earnings. Increased their dividend.

BUY

Has recently sold because he thinks the rate of growth will come down. They've started focusing on real-estate, and he thinks that next year they will start having to pay taxes. Rising interest rates is good for Quest. Is a very good stock for RRSP's and you want something solid.

COMMENT

Merchant banking. He’s been liquidating his position over the last few months as they are moving into the real estate sector, which has reduced their earnings. Superbly managed. If you want 10% earnings with a 3% dividend, it's a good stock.

DON'T BUY

Over the last few years they have kind of been a merchant bank/lender by bridging loans to mining and resource companies. Have been turned down trying to get a banking/trust license so they are still try to figure out where they're going. Cheap but hard to see a strategy going forward.

BUY

Challenge is the space they are in. Had a good run because of the sale of the company to Sprot. This is speculative. With the Sprot name on it some good things will come.

HOLD

Was a non-traditional, sub-prime lender but have a new president and is now under the Sprott wing so expecting it will be very entrepreneurial and should do well. He needs to see a bit more before he would Buy.

DON'T BUY

Recently tied up with Sprott Assets so stock moved up quite nicely but earnings have still not materialized out of the business plan so it is still a resource lender that will try to find its way going forward.

BUY

Investing in debt securities of mining companies rather than the equity and are getting some pretty good terms.

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Joe Mazumdar SilverCrest Metals Inc SIL-T BUY Mar 02, 2020

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