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This Week’s Stock Picks & BNN Top Picks Summary: PBH-T, NOW-N and 24 Stock and 2 ETF Top Picks (Mar 28-Apr 03)Weekly 52-Week Low (or 52-Week High): CU-T, OLA-T, CP-T, DND-T and More 52-Week Highs and Lows (Mar 26-Apr 01)Markets climb to a positive closeJust commissioning a mine in Columbia that should be producing soon. It is a re-rating story; currently only at 2 or 3 times 2018 earnings because investors have not bought into the story. You will get a rising multiple and some upside form rising gold prices. Risk will come down in the near term. (Analysts’ target: $1.31).
(Market Call Minute.) We should see them ramp up and start production fairly shortly. It is at the point now where the street is going to start to re-evaluate based on cash flow starting in the 1st part of 2017. It still looks super cheap when you look at where they are projecting they are going to be producing.
Building a gold mine in Colombia. There has been a lot of move into gold mining stocks this year, and this is one that kind of flies under the radar. There is no analysts’ coverage yet. They are just finishing up the build of the mine, and hope to be pouring their gold later on this year. There is lots of upside from both an exploration standpoint and a re-rating once they get to the production stage. Trading fairly cheap here. Electricity is fairly cheap, which should keep their mining costs down. Also, the Colombian peso is very cheap.
Red Eagle Mining is a Canadian stock, trading under the symbol R-T on the Toronto Stock Exchange (R-CT). It is usually referred to as TSX:R or R-T
In the last year, there was no coverage of Red Eagle Mining published on Stockchase.
Red Eagle Mining was recommended as a Top Pick by on . Read the latest stock experts ratings for Red Eagle Mining.
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.
In the last year, there was no coverage of Red Eagle Mining published on Stockchase.
On 2018-11-10, Red Eagle Mining (R-T) stock closed at a price of $0.015.
There is no analyst following it. They finished the mine and there should have been a re-rating of the stock. They had problems underground with cave-ins. They had to stop mining and raise money to change the way they mined. He is watching it to see if he should get in again. It should be able to bounce back at least somewhat.