Allied Nevada Gold | StockChase
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Allied Nevada Gold (ANV-T (Suspende)

Last Price Recorded: $1.0800 on 2015-04-16

ON STOCKCHASE SINCE Mar 2008

(APRIL 2015)

precious metals

Allied Nevada Gold


Signal Opinion Expert

2014-04-15

COMMENT
Allied Nevada Gold (ANV-T (Suspende)

Chart shows the downtrend has been kind of broken and that the stock is attempting to base. For people that have owned this, it has traveled this far and you might as well see if it wants to break out or trade it at the top of the trading range.

precious metals
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $4.060
Owned: Unknown

2014-03-12

COMMENT
Allied Nevada Gold (ANV-T (Suspende)

Sold his holdings more than a year ago. Had some production problems in bringing the sulphide part of their deposit into production and the market was concerned. With higher prices, new management and a new plan, it would be nice for them to have $50 million more cash just to make sure everything is okay. In the trading range and is a Buy at $5 and $7-$8 is probably a Sell.

precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $6.450
Owned: No

2014-03-04

DON'T BUY
Allied Nevada Gold (ANV-T (Suspende)

An amazing deposit.  Developing the sulphide resource will take a great capital expense.  Doesn’t think they can raise the financing.

precious metals
Brent Cook

Exploration Analyst & Geologist, Exploration Insights

Price: $5.800
Owned: No

2013-11-22

COMMENT
Allied Nevada Gold (ANV-T (Suspende)

8.75% bond due 2019, callable 2016. You can get these below $70 now. This company is burning through cash as they are building up their mines. As gold prices keep falling, the economics start to become tougher. They still have a lot of time but there is a default risk to this one. This is a single B credit giving you a 1 in 10 chance of a default. This is not for your income oriented investor.

precious metals
Joey Mack

Director, Fixed Income, ScotiaCapital

Price: $3.470
Owned: Unknown

2013-11-08

PAST TOP PICK
Allied Nevada Gold (ANV-T (Suspende)

(A Top Pick Nov 14/12. Down 16.4%.) June 01, 2019, 8.75% bond. This one didn’t pay off. He was nervous about gold and there were some high-yield bonds on gold, which he felt would be a safer bet. Had been a safer bet than the equity though. This company had some operational problems but it appears they are finally getting grips on it. Although there are some risks to it, if you bought this now, your yield to maturity would be about 17%, which would be great. In Q3 of 2014 they are going to have a feasibility study on the sulphide part of the deposit. If that looks good it will be okay. Also, there might be a streaming deal with Silver Wheaton (SLW-T).

precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $4.170
Owned: Yes

2013-09-17

WATCH
Allied Nevada Gold (ANV-T (Suspende)

Down about 90% from highs of last couple of years.  Company has struggled.  Problems with recovery of oxide materials.  Thinks it will be manageable and they will get through it.  There are inherent problems in the feasibility that they have not been able to address.  With a higher gold price you will see this take off in value, but for now he has to wait and see what they come out with in terms of studies.  Should have some in the not too distant future.  There are other things that are easier to figure out (prefers others stocks).

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Management Inc.

Price: $4.860
Owned: No

2013-08-06

COMMENT
Allied Nevada Gold (ANV-T (Suspende)

Likes the idea of their geochemical technique for finding gold. What bothers him is that he has not been able to see them farm out very many of their projects to larger mining companies.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $4.480
Owned: No

2013-04-08

BUY
Allied Nevada Gold (ANV-T (Suspende)

Gold producer in Nevada with a very rich high croft property. Have challenges in extracting some of the ore, and that coupled with the low gold prices, has resulted in this stock underperforming relative to some of its intermediate peers. If the expansion plans do come on stream, this company could be producing upwards of 500,000 ounces of gold.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $11.970
Owned: Unknown

2012-11-28

BUY
Allied Nevada Gold (ANV-T (Suspende)

Bonds? Gold producer in Nevada. This is a name that he likes. Bonds are not investment grade, partially because of the business they are in and partly because of the leverage but he is comfortable with the amount of leverage. Also, have a ton of assets backing their debt. There is also a possibility that the company could be taken over by a stronger credit and that would be very good for these bonds.

precious metals
Joey Mack

Director, Fixed Income, ScotiaCapital

Price: $32.400
Owned: Yes

2012-11-14

TOP PICK
Allied Nevada Gold (ANV-T (Suspende)

Allied Nevada June 01, 2019, 8.75% bond.  A safe way to have gold exposure.  Likes the company on the equity side. 

precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $32.450
Owned: Yes

2012-10-15

PAST TOP PICK
Allied Nevada Gold (ANV-T (Suspende)

(A Top Pick Oct 26/11. Up 0.01%.) Building an extension to Highcroft (?) so you will see a large increase in production in 2014 and he thinks the stock goes to $50 when that happens.

precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $38.100
Owned: Yes

2012-07-13

COMMENT
Allied Nevada Gold (ANV-T (Suspende)
His company follows this one and they have a $31 target on it but they are neutral on it.
precious metals
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $28.120
Owned: Unknown

2012-06-29

BUY
Allied Nevada Gold (ANV-T (Suspende)
(Market Call Minute.) Have one of the largest gold properties in Nevada with 12.7 million ounces of gold potential. Currently producing 100,000 growing to 550,000 ounces.
precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $28.880
Owned: No

2012-06-28

PAST TOP PICK
Allied Nevada Gold (ANV-T (Suspende)
(Top Pick Jun 7/11, Down 13.52%) Just in Nevada, not international. Good growth and low cost. Just raised debt recently. He owns the debt. The debt was for the expansion of a mine that doesn’t come on for a couple of years.
precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $28.140
Owned: Yes

2012-05-28

PAST TOP PICK
Allied Nevada Gold (ANV-T (Suspende)
(Top Pick Jun 7/11, Down 12.25%) Still likes it and bought the debt last week.
precious metals
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $28.280
Owned: Yes

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