This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

11 Stocks Under $4 With Upside: Analysts


4. Great Basin Gold (GBG) is involved in the acquisition, exploration, development and trial mining of precious metal deposits. The company has two material projects in the trial mining stage -- the Hollister gold project and the Burnstone gold project. It is also conducting early-stage exploration on prospects in Tanzania and Mozambique.

The company recently provided its operational update for the first quarter ended March 31, 2011. Recovery at the Burnstone project amounted to 5,511 gold ounces, with 2,794 ounces sold, to record its first-time revenue of $3.8 million. Meanwhile, cash production cost per tonne for the period is estimated at $70, which is in line with the planned costs during production build-up. The plant has processed almost 200,000 tonnes during the quarter, meeting the target provided by the production build-up plan.

Meanwhile, 21,828 tonnes were extracted through trial mining from the Hollister project during the quarter. In terms of production, the company maintained its fourth-quarter levels by recovering 28,500 gold (Au) equivalent (eqv) ounces (oz), of which only 17,500 Au eqv oz were recognized in revenue, as an additional 11,000 Au eqv oz were delivered but not sold to the refiner by the quarter-end.

The company said that since February 2011, when it introduced clean carbon, its gold recoveries for the quarter exceeded 88%, while silver recoveries rose to 68%. Meanwhile, as of March 31, 2011, the company had $68 million in cash reserves. GBG is scheduled to release its financial results for the first quarter on May 16, 2011.

All six analysts covering the stock recommend it as a buy. There are no sell ratings on the stock. Analysts polled by Bloomberg expect an average 12-month price target of $4.1, or 77.4% higher than the stock's current price.

8 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs