4. Gleacher & Company ( GLCH) is an investment bank offering asset management and investment banking services to companies and institutional investors. The company's services include advisory services, capital raising, and sales and trading. Announcing 2010 final quarter results, the company reported net loss from continuing operations of $12.4 million as against net income of $9.8 million in year-ago quarter. However, excluding compensation and benefits expenses of $79.4 million incurred during the quarter, Gleacher reported net income of $47.7 million. Analysts at Keefe, Bruyette & Woods believe that the reported results reflect the impact of restructuring the company's equity compensation plan, which was due at 2010 year-end. Of the five analysts covering the stock, 40% recommend a buy and 40% rate a hold. As per analysts surveyed by Bloomberg, the average 12-month price target is $3.2, nearly 66.7% higher than the stock's current price.
Shares of Northgate Minerals Corporation (AMEX:NXG) were gapping up Monday morning with an open price 37.5% higher than Friday's closing price. The stock closed at $3.15 yesterday and opened today's trading at $4.33.
Northgate Minerals Corporation (AMEX:NXG) is trading at unusually high volume Thursday with 7.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 11 cents (+3.8%).