Analyst Expert Analysis
Morning Coffee(8/21/12) "Shares of Prodigy Gold Inc. moved higher after the company released a new NI 43-101 mineral resource estimate for the company's Magino gold project in Ontario. The new resource contains an Indicated resource of 5,808,690 oz gold (203 Mt grading 0.89 g/t gold) and an Inferred resource of 300,164 oz gold (10.3 Mt grading 0.91 g/t gold) at a cutoff grade of 0.35 g/t gold."
Michael Gray, Macquarie Capital Markets (8/20/12) "Prodigy Gold Inc. released a revised resource estimate for its 100%-owned Magino gold project in NW Ontario, Canada. At a 0.5 g/t cutoff, the Indicated and Inferred resources are 4.5 Moz at 1.19 g/t Au. . .a 71% increase in resource ounces with only an 11% reduction in grade is a positive; the 0.5 g/t cutoff resource will likely be used in the prefeasibility study. . .we note a modest 11% decline in grades still meets expectations. . .we reiterate our Outperform rating and our CA$1 target—we believe the 4.5 Moz Magino gold deposit, with its excellent infrastructure and Canadian location, is well positioned."
Brian Szeto, Stonecap Securities (8/20/12) "Prodigy Gold Inc. has announced an updated resource estimate at its Magino project. . .total global resources now stands at 6.1 Moz (at 0.9 g/t gold), which represents a 56% increase relative to the company's previous resource estimate at Magino of 3.9 Moz (at 1 g/t gold). . .Prodigy has once again surpassed our expectations."
The Gold Report Interview with Marshall Auerback (8/8/12) "Prodigy Gold Inc. is a very good example of the risk/reward of the junior gold market. The first PEA outlined a pre-tax NPV of 8% of $709M. The company recently raised more than $40M at
.80/share and
.95/share in flow-through capital, despite trading below
.60/share. The market cap is around $160M. Prodigy's deposit is in a very stable jurisdiction. I do not see the Ontario government expropriating assets, and Wawa is as safe as any place in the world right now. It has infrastructure nearby. The deposit is unlikely to provide any great technical challenges. For whatever reason, it is underappreciated. A new resource and PEA expected later this year will probably provide near-term catalysts to give the stock good momentum. Prodigy is a standout among its peers."
Following resource update, analysts raise Prodigy Gold price targets
This was followed by other equities analysts recently issuing reports on Prodigy. Paradigm Research raised their price target on Prodigy Gold shares from $1.35 to $1.50 in a research letter to investors on Tuesday. They have placed a speculative buy rating on Prodigy shares. Elsewhere, analysts at Stonecap Securities raised their price target on shares of Prodigy Gold from $1.30 to $1.50 in a research note to investors on Monday. They have an outperform rating for Prodigy.
All this follows Prodigy announcing an updated NI 43-101 compliant resource estimate update on Monday that saw an increase of 56% to resources.
That brings the resources tally to more than 6 million ounces gold at 9 g/t Au at a 0.35 g/t Au cut off. This was a 56% increase relative to the company’s previous resource estimate of 3.9 million ounces at 1 g/t gold. Investors were impressed by the news, with shares going up more than 5% in early trading.
Additionally, 95% of the resource now resides in the measured and indicated category, compared to 56% previously.
Prodigy Gold Price Target Increased to $1.10 by Analysts at Haywood Securities (PDG)
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 Research analysts at Haywood Securities upped their target price on shares of Prodigy Gold (CVE: PDG) from $1.00 to $1.10 in a report released on Thursday. The firm currently has an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on PDG. Analysts at Paradigm Research raised their price target on shares of Prodigy Gold from $1.35 to $1.50 in a research note to investors on Tuesday. They now have a “speculative buy” rating on the stock. Analysts at Stonecap Securities raised their price target on shares of Prodigy Gold from $1.30 to $1.50 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
Prodigy Gold Incorporated (Prodigy), is an exploration-stage company. Prodigy is engaged in identifying, acquiring and exploring mineral interests.
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Fron Equedia
| Earnings For Prodigy Gold Inc. |
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| $ 0.69 |
 0.02 (+2.99%) |
Volume: 495.13 k |
3:56 PM EDT 24-Aug-2012 |
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| High Target Price Estimate |
2.05 |
| Low Target Price Estimate |
1.00 |
| Mean Target Price Estimate |
1.39 |
| Standard Deviation |
0.50 |
| Date of Most Recent Estimate |
08/21/12 |
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|
Current |
1 Week Ago |
2 Weeks Ago |
3 Weeks Ago |
| High Target Price Estimate |
2.05 |
1.75 |
1.75 |
1.75 |
| Low Target Price Estimate |
1.00 |
1.00 |
1.00 |
1.00 |
| Mean Target Price Estimate |
1.39 |
1.23 |
1.23 |
1.23 |
| Standard Deviation |
0.50 |
0.33 |
0.33 |
0.33 |
| Date of Most Recent Estimate |
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