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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

ASA Gold and Precious Metals Ltd > Valens as Canaccord defensive pick
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Comment by Capharnaumon Apr 16, 2020 10:16am
182 Views
Post# 30915969

RE:RE:RE:Valens as Canaccord defensive pick

RE:RE:RE:Valens as Canaccord defensive pickIt's also one of their TOP picks:

"In our view, the stock trades at a discounted valuation, with an EV/EBITDA multiple of 2.4x versus our target multiple of 9.2x. We reiterate our SPEC BUY and highlight Valens as a Top Pick."

After listening to the CC, I believe their EBITDA for 2020 will be between $64-74M with an average of $69M (Q1: $14M, Q2: $15M, Q3: $18M, Q4: $22M). Imo, the stock should eventually rally to at least the $4-5 range within a year.
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