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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012
GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More
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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client
AGORACOM Launches Graphite Stocks Blog
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FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More | *SPONSOR
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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Like Quadra Mining? Then you might also be interested in Pacific North West Capital Corp.
