6. Extorre Gold Mines is a Canada-based company focused on working on the bonanza-grade Cerro Moro Project in Argentina's Santa Cruz Province.
Extorre owns all of the Cerro Moro gold-silver project, but the Santa Cruz Government Mining Company, Fomicruz, is entitled to a 5% interest in the project on completion of mine permitting.
Extorre recently reported the closing of a private placement financing through which it issued 2.4 million shares at $11.1 per share for gross proceeds of $26.7 million. The net proceeds from the placement will be used for the exploration and development of its properties in Argentina and for general working capital purposes.Looking ahead, the company's chief executive said that Cerro Moro's ideal geographic location and very high-grade gold-silver veins would help it achieve near-term, low-cash-cost gold-silver production from a relatively modest capital investment. Of the seven analysts covering the stock, three rate it a buy and the others rate it a hold. There are no sell ratings on the stock. On average, analysts polled by Bloomberg expect the stock to gain 10.3% to $15.61 in the coming 12 months.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV