Wheels Group Inc GRFJF

buy rating

[make_rubles]

Globe says Gignac rates Western Goldfields "buy" 2008-01-18 08:10 ET - In the News The Globe and Mail reports in its Friday, Jan. 18, edition that Western Goldfields shed 16 cents to close Thursday on the Toronto Stock Exchange at $3.27 (all figures Canadian unless otherwise stated). The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year trading range of $1.73 to $4.13. Western Goldfields has begun pouring gold at the Mesquite mine in California. Wellington West Capital Markets forecasts Western Goldfields' 2008 production at 155,000 to 165,000 ounces and a cash cost of about $350 (U.S.) an ounce. It has $51-million in cash on hand. Wellington analyst Catherine Gignac rates Western Goldfields "buy." Ms. Gignac targets Western Goldfields stock at $5.50. Sprott Growth Fund portfolio manager Peter Hodson said buy Western Goldfields in the BNN Market Call column on Sept. 21. At the time the stock was trading at $3.19. Mr. Hodson liked that Western Goldfields management also had a big interest in the company's stock. Northern Rivers Innovation Fund portfolio manager Hugh Cleland recommended Western Goldfields in The Globe on Sept. 11 when it was trading at $2.70. He recommended Western Goldfields in The Globe on May 25 when it was trading at $2.09.