Buy, Sell or Hold: Red Back Mining Inc (RBI-T)

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Red Back Mining Inc (RBI-T)

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PAST TOP PICK

(Top Pick Jan 7/10, Up 98.87% Total Return) They were acquired. Thinks there will be lots of M&A this year.

SELL ON STRENGTH

Options with Warrants: He has not looked at them. Thinks Kinross is paying a pretty hefty price.

PAST TOP PICK

(A Top Pick Aug 6/09. Up 167.9%.) Merged with Kinross (K-T).

COMMENT

Caller wants to replace because she is not happy with Kinross’s (K-T) recent connection. To get something similar, you are looking for something with growth over the next few years. He likes Allied Nevada Gold (ANV-T) and Iamgold (IMG-T).

TOP PICK

Kinross (K-T) just put in $600 million to get almost 10%. This is smart money. One of their key assets (in West Africa) is about 5 million ounces. He sees this ability at 10 million.

BUY

Have done a phenomenal job of growing through the drill bit with very high grades. Too big for his portfolio but it should do well.

BUY ON WEAKNESS

Focused on gold in West Africa. Have done a good job exploring for new resources and have an existing mine. Recently released some good numbers. Looks a little expensive.

PAST TOP PICK

(A Top Pick March 3/09. Up 171.1%.) Still likes.

TOP PICK

Has been on a tear recently because it is working in a large gold discovery in West Africa. Good for gold exposure on a company that is growing dramatically. Should be trading in the $20 level. Speculative.

PAST TOP PICK

(Top Pick Aug 11/08, Up 173%) Another $2 there. They are into another wave of success.

TOP PICK

Great intermediate gold producer with 2 mines. Potential of producing 1 million ounces annually for the next couple of years. Investing about $22 million this year in CapX, which could take their reserves from 5 million ounces to 11 million. In the region of a couple of majors so could be a takeover target.

COMMENT

Gold in Africa, South America, Surinam and a little in Quebec. Had a nice run like all golds. Prefers Iamgold (IMG-T), which is cheaper on a price to net asset value as well as better growth.

DON'T BUY

There is a very short list of intermediate producers in the gold industry including El Dorado (ELD-T), Red Back (RBI-T) and Centamin Egypt (CEE-T) and they are very special companies. This has country risk. Stock is probably priced efficiently so you are not getting the benefit.

PAST TOP PICK

(A Top Pick March 3/09. Up 46.29%.) Gold. A superior name among junior producers. Strong balance sheet and very well run. Hold.

TOP PICK

Mid-cap gold stock with assets in West Africa. Have nice growing production with 280,000 ounces this year and 400,000 next year. No debt. Feels very strongly that the US$ will continue to move lower and gold looks like it is about to break out again to new highs.

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Red Back Mining Inc(RBI-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Red Back Mining Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Red Back Mining Inc(RBI-T) Frequently Asked Questions

What is Red Back Mining Inc stock symbol?

Red Back Mining Inc is a OTC stock, trading under the symbol RBI-T on the (). It is usually referred to as or RBI-T

Is Red Back Mining Inc a buy or a sell?

In the last year, there was no coverage of Red Back Mining Inc published on Stockchase.

Is Red Back Mining Inc a good investment or a top pick?

Red Back Mining Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Red Back Mining Inc.

Why is Red Back Mining Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Red Back Mining Inc worth watching?

0 stock analysts on Stockchase covered Red Back Mining Inc In the last year. It is a trending stock that is worth watching.

What is Red Back Mining Inc stock price?

On , Red Back Mining Inc (RBI-T) stock closed at a price of $.

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Red Back Mining Inc (RBI-T)

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Red Back Mining Inc(RBI-T)

Red Back Mining Inc(RBI-T)

Red Back Mining Inc(RBI-T) Rating

Red Back Mining Inc(RBI-T) Frequently Asked Questions

What is Red Back Mining Inc stock symbol?

Is Red Back Mining Inc a buy or a sell?

Is Red Back Mining Inc a good investment or a top pick?

Why is Red Back Mining Inc stock dropping?

Is Red Back Mining Inc worth watching?

What is Red Back Mining Inc stock price?

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