Upgrade for Cumberland from CannacordIMO they have the wrong ticker - that's why it won't show up anywhere..
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Cumberland Resources upgraded to "speculative buy"
Tuesday, January 17, 2006 5:47:58 AM ET
Canaccord Capital
NEW YORK, January 17 (newratings.com) - Analysts at Canaccord Capital upgrade Cumberland Resources Ltd (CBD.TOR) from "hold" to "speculative buy." The 12-month target price has been raised from $2.40 to $3.80.
In a research note published yesterday, the analysts mention that the internal rate of return from the company's Meadowbank project is 19%, on a pre-tax basis. Cumberland Resources' NPV of 5% for the project, excluding taxes, amounts to $170 million, the analysts add.