This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Mining Stocks With Upside

7. Capital Gold is a gold-producing and exploration company with growing presence in Mexico. The company owns and operates the El Chanate project, as well as the Orion Project in Nayarit, Mexico. After its recent acquisition of Nayarit Gold on Aug. 2, 2010, Capital Gold controls approximately 257,000 acres (104,000 hectares) of mining concessions.

During the latest second quarter ended Jan. 2011, the company reported earnings of $5.3 million, or 9 cents per share, compared to $2.9 million, or 6 cents per share in the year-ago quarter. Revenue for the period soared 51.5% to $20 million.

In terms of operating metrics, the company sold 14,573 ounces of gold at an average price of $1,375 per ounce, compared to 11,816 ounces at an average price of $1,119 during the quarter ended Jan. 2010. At the end of Jan. 2011, the company's proven and probable reserves are 77.7 million tons with contained gold of ~1.5 million ounces.

The company installed and commissioned two agglomeration drums in Feb. 2011 for better mixing of cement, lime and gold-leaching chemicals with the crushed ore. This development will help the company achieve its anticipated production target of 65,000-70,000 ounces of gold during 2011. The company sales volumes were 54,304 ounces during 2010.

Of the five analysts covering the stock, 80% recommend a buy, while the remaining rate it a sell. On average, analysts estimate an upside of 10.7% to $6.3 from current levels.
2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
URZ $0.00 0.00%
BRD $0.00 0.00%
AUMN $0.30 4.30%
RIC $3.17 3.30%
URG $0.62 -3.00%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs