GREY:HNMFF - Post by User
Comment by
straghunteron Dec 31, 2010 8:06pm
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Post# 17913888
RE: RE: $6 Target price as of today
RE: RE: $6 Target price as of todayI think the drop in rating is consistent when one considers that an increase in price from $4.80 to $6 is only approximately 25%. The predictions by Raymond James over 2010 where anywhere from 60-80% each time the target price was revised. Thus, possibly explaining the higher ratings observed in the past... I am pleased with a the new target, considering i purchased last February.
I am slightly disapointed (although not concerned) at the plateau in the price we have recently observed, especially in light of the high price of Copper and resource estimates.
I suspect HMG will not get a good run until the PEA is released next quarter. I am hopping HMG will hit $7-$8 by the end of 2011.