Western Gold Fields (WGI.TO) Buy, Sell or Hold

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Western Gold Fields (WGI.TO)

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PAST TOP PICK

(A Top Pick Jan 26/09. Up 104%.) Acquired by New Gold (NGD-T).

SELL

Great deposit that produced several million ounces and this company came back in and put it back into production. Low-grade, open pit deposit. Being acquired by New Gold (NGD-T). (See comments under NGD-T.)

TOP PICK

California gold producer. Trading at about half net asset value of other gold companies. An old mine with all permits in place and gold is easily extractable. Expecting to increase production by 18% each year for the next 3 years. At least 10 years mine life.

DON'T BUY

He is very bearish on gold as a commodity right now but, the big gold companies, are doing very well. If he were going Long on a big company, he would Pair Short with a small non-gold metals company. (See Top Picks.)

PAST TOP PICK

(A Top Pick Sept 20/07. Down 44%.) Sold his holdings. Moving to larger companies in terms of gold.

BUY

Like most small cap gold stocks it has under performed pretty significantly. In the US, which is good. Had a production shortfall, which they are improving in the 3rd quarter. Low grade and one mine company but he likes it. Very experienced management. Traits that very little multiples.

COMMENT

Producing mine in Nevada. 28,500 ounces of production last quarter and are on track to do 135,000-145,000. Short reserve life but have a lot of prospective acreage. Smaller producers have less scale and are hit hard by fuel costs so the stock is down.

STRONG BUY

Stock has got hit in the last couple of months. At these levels it is a table pounding stock. One of the few pure North American gold plays with a producing mine. Great management. Very cheap.

PAST TOP PICK

(Top pick, March 26 2007. Up 42%) This will be a core holding for years. Will be largest gold position for the next 5 years. It’s so cheap it should see good appreciation in the next 12 months.

HOLD

Stocks been doing OK, but not as well as some of the other players. Not the go to name right now. Will be recognized. Great management team. The next catalyst will be either a take over or a merger.

TRADE

It's been doing OK but not as good as some of the other players. They've got 60,000 oz hedges, so is hurting them. A great management team. If they merge with someone else it would be better.

WEAK BUY

Have operations in Nevada. Open pit mining. The only thing that puts him against this company is that they are starting the habit of hedging gold. He has 10% hedged at $800. This will probably run with the junior companies if gold goes higher.

TOP PICK

World-class management. In the continental US. Have a large reserve of almost 4 million ounces. Undervalued.

PAST TOP PICK

(A Top Pick Sept 30/07. Up 11.6%.) Poured their first gold about 2 weeks ago. Expect they will merge with another producer to become a bigger entity. Good management.

BUY

Assets in California and they are going into production now. If gold is at $750, this should be a $5 to $7 stock.

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Western Gold Fields (WGI.TO) Frequently Asked Questions

What is Western Gold Fields stock symbol?

Western Gold Fields is a OTC stock, trading under the symbol WGI.TO (previously WGI-T on Stockchase) on the undefined (undefined). It is usually referred to as or WGI.TO

Is Western Gold Fields a buy or a sell?

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

Is Western Gold Fields a good investment or a top pick?

Western Gold Fields was recommended as a Top Pick by Hugh Cleland, CFA on 2008-01-23. Read the latest stock experts ratings for Western Gold Fields.

Why is Western Gold Fields stock dropping?

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

Is Western Gold Fields worth watching?

Western Gold Fields is followed by 10 investors on Stockchase and is a trending stock that is worth watching.

Most Recent Experts

Rick Rule

Rule Investment Media

Chris Blumas

at Raymond James Investment Counsel Ltd.

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

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Western Gold Fields (WGI.TO)