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 Analysts Expect to Soar

3. Extorre Gold Mines (XG) is a Canada-based company focused on advancing the Cerro Moro Project in Argentina. The Cerro Moro gold-silver project in Santa Cruz Province is 100% owned by Extorre with the Santa Cruz Government Mining Company, Fomicruz S.E., entitled to a 5% interest, on completion of mine permitting.

The company's cash balance stood at $47.4 million at the end of Dec. 31, 2010, compared with $478,100 in 2009. The company recently announced that drilling is underway at its Union Domes gold project and at its Cerro Puntudo silver project in Santa Cruz Province, Argentina. Late February, the company announced the results of its reconnaissance drilling on the Falcon property, stating that four of the five initial holes have intercepted broad zones of gold-silver mineralization.

Malcolm Gisse, manager of the Encompass Fund, says that of the many gold and silver miners, Extorre Gold is prominent as the grade of its gold is very high. Extorre's Argentina mine has well-developed infrastructure making it an attractive target acquisition to other gold mining companies.

Of the eight analysts covering the stock, 63% rate it a buy while the remainder rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average of 52%, to $8.40, in the upcoming 12 months.

6 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AZC $2.95 -5.75%
NG $3.70 3.40%
PLM $1.25 -1.60%
SA $6.34 2.30%
TGB $0.78 4.80%


DOW 18,118.71 +38.57 0.21%
S&P 500 2,121.25 +3.56 0.17%
NASDAQ 5,100.1650 +8.08 0.16%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs