Upgrade after yesterday's conference callNice bounce in gold after the extreme selloff and yesterday's conference call leading to Echelon upgrading from Hold to Buy with $16.00 target.
Here are the targets now:
Canaccord $16.60
Industrial All. $16
Eight Capital $16
Echelon $16
National $16
Laurentian $15.75
Mackie $15.25
BMO $15.00
PI Fin. $14.10
Interesting point in transcript. Duncan asked about adding corp. development hire - they are targetting geting to 'mid-sized' producer. Organically won't get there anytime soon IMHO. Wonder if they take a run at someone and use their stock as part of the deal.