Welcome To The Quadra Mining HUB On AGORACOM
Quadra provides a strong investment vehicle to movements within the base metals sector
AGORACOM NEWS FLASH
Dear Agoracom Family,
I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.
As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.
To this end:
1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.
2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.
Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!
Sincerely,
George et al
Message: Quadra Mining Getting Expensive - Canaccord Adams
http://seekingalpha.com/article/1392...
Quadra Mining Getting Expensive - Canaccord Adams
Copper miner Quadra Mining Ltd. (QADMF.PK) has enjoyed a fantastic run this year, with shares up 300% since bottoming out last December. Canaccord Adams analyst Orest Wowkodaw has a target price of C$8.50 a share, and there is little implied return to that anymore. He downgraded the stock to "hold" but kept the target steady.He wrote in a note:
Given the little implied return to our target, the shares' relatively in-line valuation to our coverage universe peer group, combined with the company's higher-cost profile in a still-shaky copper price environment, we can no longer justify a 'buy' rating at current levels.
That said, he also wrote that Quadra remains an attractive investment vehicle for longer-term holders given the company's "significant" near-term growth profile and its leverage to an eventual recovery in copper prices (which have already jumped more than 60% from their lows last year).
Quadra is trading at estimated-value-to-EBITDA multiples of 7.8 times for 2009 and 3.6 times for 2010, Mr. Wowkodaw wrote. That compares to averages of 8.3 times (for 2009) and 4.1 times (for 2010) for the mid-cap base metal companies that Canaccord covers.
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