Glamis Gold Ltd (NYSE:GLG) (TSE GLG)
Updated Aug 31, 2006
Glamis Gold Ltd. is a premier intermediate gold producer with low-cost production, large reserves and a strong, consistent growth profile. The Company’s near-term strategic goal is to produce 700,000 ounces of gold annually by 2007 at a total cash cost below $150 per ounce from its mines and development projects in Nevada, Mexico and Central America.
The Company is moving rapidly to achieve its near-term production goal. The El Sauzal mine in Mexico commenced production late in 2004, the latest expansion phase at the Marigold mine in Nevada is nearly complete and the Marlin project in Guatemala is expected to reach commercial production in the fourth quarter of 2005, well ahead of the original schedule.
As of January 1, 2005 Glamis had proven and probable reserves of 6.3 million ounces of gold and 38.5 million ounces of silver, more than sufficient to reach and sustain the Company’s target rate of annual production. In addition, the Company controls large, highly prospective land positions around all of its principal gold assets where local and regional exploration programs are being carried out to further increase these reserves.
For more than 20 years, Glamis has successfully developed and operated mines in the Americas. The Company’s business model emphasizes steady growth with proven methods and technologies that are highly productive and maximize long-term shareholder value, while supporting and sustaining the communities in which it operates.
Glamis is well positioned to continue its exceptional growth profile. The Company maintains an excellent balance sheet and its new mines and development projects will be strong cash flow generators. Glamis remains completely unhedged, leaving 100 percent of the gold price upside to its shareholders while protecting against downside risk with low operating costs.
RECENT NEWS:
Glamis Reports Third Quarter 2006 Results; Provides Update on Combination with Goldcorp
David Christie ..... TD NewCrest……Oct 25, 2006
Maintained HOLD
Price Target reduced to $44.00 from $47.00US
GLG Price day before:$38.18Finish day posting$41.14Current:$41.26US
GLG.TO Price day before:$43.13Finish day posting$46.45Current:$46.45
-------Aug 02, 2006--------
Maintained BUY
Price Target reduced to $45.00 from $49.00US (Target Hit Aug 31, 2006)
GLG Price day before:$38.56Finish day posting$38.91Current:$41.26US
GLG.TO Price day before:$43.50Finish day posting$43.74Current:$46.45
------June 23, 2006---------
Maintained BUY
Price Target raised to $49.00 from $46.00US
GLG Price day before:$34.26Finish day posting$35.42Current:$41.26US
GLG.TO Price day before:$38.27Finish day posting$39.80Current:$46.45
-------June 07, 2006------
Maintained BUY
Price Target reduced to $46.00 from $47.00US (Target Hit)
GLG Price day before:$36.16Finish day posting$34.42Current:$41.26US
GLG.TO Price day before:$40.24Finish day posting$38.35Current:$46.45
-------Apr 25, 2006------
Upgraded to BUY from HOLD
Price Target raised to $44.00 from $31.00US(Target Hit)
GLG Price day before:$36.16Finish day posting$36.81Current:$41.26US
GLG.TO Price day before:$41.00Finish day posting$41.72Current:$46.45
------Feb 14, 2006------
Maintained HOLD
Price Target $31.00US (Target Hit)
GLG Price day before:$29.41Finish day posting$28.63Current:$41.26US
GLG.TO Price day before:$34.30Finish day posting$32.94Current:$46.45
-------Jan 18, 2006--------
Maintained HOLD
Price Target raised to $27.00 from $24.00US (Target Hit)
GLG Price day before:$29.41Finish day posting$28.63Current:$41.26US
GLG.TO Price day before:$34.30Finish day posting$32.94Current:$46.45
-----Dec 05, 2005-----
Maintained HOLD
Price Target raised to $24.00 from $23.50US (Target Hit)
GLG Price day before:$22.57Finish day posting$22.73Current:$41.26US
GLG.TO Price day before:$26.20Finish day posting$26.35Current:$46.45
-------Oct 11, 2005------
New HOLD
Price Target $23.50US (Target Hit Nov 17, 2005)
GLG Price day before:$21.40Finish day posting$21.63Current:$41.26US
GLG.TO Price day before:$25.07Finish day posting$25.25Current:$46.45
***************
Michael Fowler ......... Desjardins Securities…….Oct 25, 2006
Maintained BUY
Price Target $59.15US
GLG Price day before:$38.18Finish day posting$41.14Current:$41.26US
GLG.TO Price day before:$43.13Finish day posting$46.45Current:$46.45
------Aug 01, 2006-----
Maintained BUY
Price Target $50.00US
GLG Price day before:$36.81Finish day posting$38.56Current:$41.26US
GLG.TO Price day before:$41.52Finish day posting$43.50Current:$46.45
---------June 22, 2006---------
Maintained BUY
Price Target reduced to $50.00 from $46.00US
GLG Price day before:$34.58Finish day posting$34.26Current:$41.26US
GLG.TO Price day before:$38.34Finish day posting$38.27Current:$46.45
------June 07, 2006------
Maintained BUY
Price Target reduced to $46.00 from $51.25US (Target Hit Aug 31, 2006)
GLG Price day before:$36.16Finish day posting$34.42Current:$41.26US
GLG.TO Price day before:$40.24Finish day posting$38.35Current:$46.45
-------May 04, 2006---------
Upgraded to BUY from HOLD
Price Target $51.25US
GLG Price day before:$40.40Finish day posting$41.40Current:$41.26US
GLG.TO Price day before:$44.70Finish day posting$46.03Current:$46.45
--------Feb 14, 2006----------
Maintained BUY
Price Target $33.00US (Target Hit Apr 03, 2006)
GLG Price day before:$27.55Finish day posting$28.37Current:$41.26US
GLG.TO Price day before:$31.89Finish day posting$32.77Current:$46.45
------.Jan 18, 2006----
Maintained HOLD
Price Target $25.00US
GLG Price day before:$29.41Finish day posting$28.63Current:$41.26US
GLG.TO Price day before:$34.30Finish day posting$32.94Current:$46.45
------Nov 24, 2005----------
Maintained HOLD
Price Target raised to $23.80 from $21.00US
GLG Price day before:$23.00Finish day posting$23.53Current:$41.26US
GLG.TO Price day before:$26.90Finish day posting$27.00Current:$46.45
-----Nov 02, 2005-------
Maintained HOLD
Price Target $21.00US
GLG Price day before:$20.82Finish day posting$21.25Current:$41.26US
GLG.TO Price day before:$24.49Finish day posting$25.07Current:$46.45
******************
Richard Gray.........Blackmont Capital .. ………Oct 25, 2006
Maintained BUY
GLG Price day before:$38.18Finish day posting$41.14Current:$41.26US
GLG.TO Price day before:$43.13Finish day posting$46.45Current:$46.45
-------Aug 01, 2006-----------
Maintained BUY
GLG Price day before:$36.81Finish day posting$38.56Current:$41.26US
GLG.TO Price day before:$41.52Finish day posting$43.50Current:$46.45
-------June 22, 2006----------
Upgraded to BUY from HOLD
Price Target raised to $56.00 from $46.00C
GLG Price day before:$34.58Finish day posting$34.26Current:$41.26US
GLG.TO Price day before:$38.34Finish day posting$38.27Current:$46.45
------June 07, 2006--------
Maintained HOLD
GLG Price day before:$36.16Finish day posting$34.42Current:$41.26US
GLG.TO Price day before:$40.24Finish day posting$38.35Current:$46.45
----------Feb 27, 2006----------
Maintained HOLD
Price Target raised to $36.50 from $32.00C (Target Hit Mar 29, 2006)
GLG Price day before:$29.37Finish day posting$28.07Current:$41.26US
GLG.TO Price day before:$33.62Finish day posting$31.80Current:$46.45
------Feb 14, 2006-------
Downgraded to HOLD from BUY
GLG Price day before:$27.55Finish day posting$28.37Current:$41.26US
GLG.TO Price day before:$31.89Finish day posting$32.77Current:$46.45
---------Feb 10, 2006-----------
Maintained BUY
GLG Price day before:$29.15Finish day posting$28.21Current:$41.26US
GLG.TO Price day before:$33.44Finish day posting$32.54Current:$46.45
************
Chantal Gosselin ............. Genuity Capital…….Aug 10, 2006
New BUY
Price Target $57.50C
GLG Price day before:$38.19Finish day posting$37.47Current:$41.26US
GLG.TO Price day before:$42.76Finish day posting$42.26Current:$46.45
************
Steven Butler ............. Canaccord Capital…….Aug 01, 2006
Maintained HOLD
Price Target reduced to $43.00 from $45.00US (Target Hit Aug 31, 2006)
GLG Price day before:$36.81Finish day posting$38.56Current:$41.26US
GLG.TO Price day before:$41.52Finish day posting$43.50Current:$46.45
------June 07, 2006----------
Maintained HOLD
Price Target reduced to $41.50 from $42.50US (Target Hit)
GLG Price day before:$36.16Finish day posting$34.42Current:$41.26US
GLG.TO Price day before:$40.24Finish day posting$38.35Current:$46.45
------May 04, 2006-----
Maintained HOLD
Price Target $42.50US (Target Hit)
GLG Price day before:$40.40Finish day posting$41.40Current:$41.26US
GLG.TO Price day before:$44.70Finish day posting$46.03Current:$46.45
-------Apr 12, 2006-------
Maintained HOLD
Price Target raised to $42.50 from $32.00US (Target Hit May 09, 2006)
GLG Price day before:$34.54Finish day posting$35.53Current:$41.26US
GLG.TO Price day before:$40.55Finish day posting$40.82Current:$46.45
-------Feb 14, 2006-------
Maintained HOLD
Price Target reduced to $32.00 from $33.50US (Target Hit Apr 03, 2006)
GLG Price day before:$27.55Finish day posting$28.37Current:$41.26US
GLG.TO Price day before:$31.89Finish day posting$32.77Current:$46.45
--------Jan 17, 2006-------
Downgraded to HOLD from BUY
Price Target raised to $33.50 from $28.00US (Target Hit Apr 03, 2006)
GLG Price day before:$29.53Finish day posting$29.41Current:$41.26US
GLG.TO Price day before:$34.91Finish day posting$34.30Current:$46.45
------Nov 02, 2005------
Maintained BUY
Price Target $27.25US (Target Hit Dec 28, 2005)
GLG Price day before:$20.82Finish day posting$21.25Current:$41.26US
GLG.TO Price day before:$24.49Finish day posting$25.07Current:$46.45
-----Sept 28, 2005---------
Maintained BUY
Price Target $23.50US (Target Hit Nov 17, 2005)
GLG Price day before:$20.75Finish day posting$21.44Current:$41.26US
GLG.TO Price day before:$24.44Finish day posting$25.10Current:$46.45
-----Aug 05, 2005-------
Maintained BUY
Price Target $24.50US
GLG Price day before:$18.93Finish day posting$18.60Current:$41.26US
GLG.TO Price day before:$22.95Finish day posting$22.66Current:$46.45
-------Apr 21, 2005--------
Rating placed under Review
GLG Price day before:$14.97Finish day posting$14.79Current:$41.26US
GLG.TO Price day before:$18.54Finish day posting$18.53Current:$46.45
------Apr 13, 2005------
Maintained BUY
Price Target $24.50US
GLG Price day before:$15.28Finish day posting$14.87Current:$41.26US
GLG.TO Price day before:$18.90Finish day posting$18.35Current:$46.45
-------Feb 11, 2005-------
Maintained BUY
Price Target reduced to $24.00 from $24.50US
GLG Price day before:$17.78Finish day posting$17.66Current:$41.26US
GLG.TO Price day before:$22.00Finish day posting$21.87Current:$46.45
------Jan 24, 2005--------
Maintained BUY
Price Target $24.50US
GLG Price day before:$16.82Finish day posting$16.58Current:$41.26US
GLG.TO Price day before:$20.40Finish day posting$20.35Current:$46.45
-------Nov 02, 2004------
Maintained BUY
Price Target raised to $22.25 from $21.00US (Target Hit Sept 16, 2005)
GLG Price day before:$19.22Finish day posting$18.66Current:$41.26US
GLG.TO Price day before:$23.47Finish day posting$22.87Current:$46.45
-------Aug 04, 2004------
Maintained BUY
Price Target raised to $21.00 from $20.00US (Target Hit Sept 09, 2005)
GLG Price day before:$15.92Finish day posting$15.55Current:$41.26US
GLG.TO Price day before:$21.10Finish day posting$20.40Current:$46.45
------Apr 21, 2004--------
Maintained BUY
Price Target $20.00US (Hit Target Oct 08, 2004)
GLG Price day before:$14.94Finish day posting$15.20Current:$41.26US
GLG.TO Price day before:$20.41Finish day posting$20.66Current:$46.45
--------Mar 25, 2004------
Maintained BUY
Price Target $20.00US (Hit Target Oct 08, 2004)
GLG Price day before:$17.40Finish day posting$17.85Current:$41.26US
GLG.TO Price day before:$23.20Finish day posting$23.70Current:$46.45
******************
Tanya Jakusconek ..... National Bank Financial…Aug 01, 2006
Maintained OUTPERFORM
Price Target raised to $55.00 from $48.00US
GLG Price day before:$36.81Finish day posting$38.56Current:$41.26US
GLG.TO Price day before:$41.52Finish day posting$43.50Current:$46.45
-------May 04, 2006--------
Price Target raised to $48.00 from $36.00US (Target Hit Aug 31, 2006)
GLG Price day before:$40.40Finish day posting$41.40Current:$41.26US
GLG.TO Price day before:$44.70Finish day posting$46.03Current:$46.45
--------Feb 15, 2006---------
Price Target raised to $34.00 from $30.00US (Target Hit Apr 03, 2006)
GLG Price day before:$28.37Finish day posting$27.70Current:$41.26US
GLG.TO Price day before:$32.77Finish day posting$32.10Current:$46.45
------Dec 21, 2005------
Price Target raised to $30.00 from $26.00US (Target Hit Jan 06, 2006)
GLG Price day before:$24.35Finish day posting$25.13Current:$41.26US
GLG.TO Price day before:$28.36Finish day posting$29.35Current:$46.45
-------Jan 12, 2004-----
Maintained OUTPERFORM
Price Target $19.00US (Hit Target Oct 06, 2004)
GLG Price day before:$16.96Finish day posting$16.75 Current:$41.26US
GLG.TO Price day before:$21.50Finish day posting$21.41Current:$46.45
-------Nov 04, 2003------
Maintained OUTPERFORM
Price Target $23.00C (Hit Target Sept 28, 2004)
GLG Price day before:$13.82Finish day posting$14.00Current:$41.26US
GLG.TO Price day before:$18.49Finish day posting$18.61Current:$46.45
-------Sept 23, 2003---------
Maintained OUTPERFORM
Price Target $23.00C (Hit Target Sept 28, 2004)
GLG Price day before:$13.94Finish day posting$13.95Current:$41.26US
GLG.TO Price day before:$19.05Finish day posting$19.02Current:$46.45
---------May 08, 2002---------
Maintained BUY
Price Target raised to $13.00 from $9.50Cdn (Hit Target May 13, 2002)
GLG Price day before:$7.12Finish day posting$6.99Current:$41.26US
GLG.TO Price day before:$11.15Finish day posting$10.97Current:$46.45
********************************************************
Michael Curran .......RBC Capital Markets……June 27, 2006
Maintained OUTPERFORM
Price Target raised to $50.00 from $42.00US
GLG Price day before:$35.72Finish day posting$34.66Current:$41.26US
GLG.TO Price day before:$40.15Finish day posting$38.98Current:$46.45
--------Jan 04, 2006-----------
Downgraded to OUTPERFORM from TOP PICK
Price Target raised to $35.25 from $28.25C (Target Hit)
GLG Price day before:$29.75Finish day posting$29.73Current:$41.26US
GLG.TO Price day before:$34.33Finish day posting$34.02Current:$46.45
************************
Geoff Stanley ........... BMO Nesbitt Burns …June 22, 2006
Maintained OUTPERFORM
Price Target raised to $50.00 from $44.00US
GLG Price day before:$34.58Finish day posting$34.26Current:$41.26US
GLG.TO Price day before:$38.34Finish day posting$38.27Current:$46.45
--------Apr 28, 2006---------
Upgraded to OUTPERFORM from MARKET PERFORM
Price Target raised to $46.00 from $34.00US (Target Hit Aug 31, 2006)
GLG Price day before:$36.81Finish day posting$39.25Current:$41.26US
GLG.TO Price day before:$41.37Finish day posting$43.77Current:$46.45
-------Jan 18, 2006---------
Maintained MARKET PERFORM
Price Target raised to $34.00 from $23.50US (Target Hit Apr 03, 2006)
GLG Price day before:$29.41Finish day posting$28.63Current:$41.26US
GLG.TO Price day before:$34.30Finish day posting$32.94Current:$46.45
------Sept 12, 2005-----
Downgraded to MARKET PERFORM from OUT PERFORM
GLG Price day before:$20.96Finish day posting$20.67Current:$41.26US
GLG.TO Price day before:$24.60Finish day posting$24.48Current:$46.45
************
Tony Lesiak ..... UBS…......June 07, 2006
Maintained BUY
Price Target reduced to $47.00 from $48.00US (Target Hit Aug 31, 2006)
GLG Price day before:$36.16Finish day posting$34.42Current:$41.26US
GLG.TO Price day before:$40.24Finish day posting$38.35Current:$46.45
---------Apr 28, 2006---------
Upgraded to BUY from NEUTRAL
Price Target raised to $48.00 from $38.50US (Target Hit)
GLG Price day before:$36.81Finish day posting$39.25Current:$41.26US
GLG.TO Price day before:$41.37Finish day posting$43.77Current:$46.45
-------Apr 18, 2006-----
Maintained NEUTRAL
Price Target raised to $38.50 from $32.00US(Target Hit)
GLG Price day before:$36.91Finish day posting$37.11Current:$41.26US
GLG.TO Price day before:$42.30Finish day posting$40.18Current:$46.45
-----Jan 31, 2006---
Upgraded to BUY from NEUTRAL
GLG Price day before:$31.05Finish day posting$31.97Current:$41.26US
GLG.TO Price day before:$35.60Finish day posting$36.42Current:$46.45
------Dec 01, 2005------
Maintained NEUTRAL
Price Target raised to $27.00 from $22.50US (Target Hit Dec 27, 2005)
GLG Price day before:$22.29Finish day posting$23.28Current:$41.26US
GLG.TO Price day before:$26.02Finish day posting$27.10Current:$46.45
--------Nov 02, 2004-------
Maintained NEUTRAL
Price Target $20.00US (Target Hit)
GLG Price day before:$19.22Finish day posting$18.66Current:$41.26US
GLG.TO Price day before:$23.47Finish day posting$22.87Current:$46.45
-----Aug 05, 2004-----
Maintained NEUTRAL
Price Target reduced to $17.50 from $17.75US (Hit Target Sept 23, 2004)
GLG Price day before:$15.55Finish day posting$15.00Current:$41.26US
GLG.TO Price day before:$20.40Finish day posting$19.78Current:$46.45
-----May 05, 2004-----
Upgraded to BUY from NEUTRAL??
Price Target $20.25US (Hit Target Oct 25, 2004)
GLG Price day before:$14.88Finish day posting$14.66Current:$41.26US
GLG.TO Price day before:$20.30Finish day posting$20.07Current:$46.45
-------Mar 25, 2004-------
Maintained BUY
Price Target raised to $20.25 from $19.75US (Hit Target Oct 25, 2004)
GLG Price day before:$17.40Finish day posting$17.85Current:$41.26US
GLG.TO Price day before:$23.20Finish day posting$23.70Current:$46.45
-------Mar 08, 2004-------
Upgraded to BUY from NEUTRAL
Price Target raised to $19.75 from $19.00US (Hit Target Oct 08, 2004)
GLG Price day before:$16.58Finish day posting$16.49 Current:$41.26US
GLG.TO Price day before:$21.85Finish day posting$21.75Current:$46.45
--------Feb 18, 2004-------
Downgraded to NEUTRAL from BUY
GLG Price day before:$17.23Finish day posting$16.29 Current:$41.26US
GLG.TO Price day before:$22.44Finish day posting$21.49Current:$46.45
(Wondering why the sudden downgrade?)
--------Feb 13, 2004-------
New BUY
Price Target $19.00US (Hit Target Oct 06, 2004)
GLG Price day before:$16.64Finish day posting$16.47 Current:$41.26US
GLG.TO Price day before:$21.85Finish day posting$21.70Current:$46.45
***************
Kerry Smith ........... Haywood Securities…….....May 26, 2006
Upgraded to BUY from HOLD
GLG Price day before:$36.94Finish day posting$37.70Current:$41.26US
GLG.TO Price day before:$40.80Finish day posting$41.80Current:$46.45
-----------July 30, 2002------
Upgraded to BUY from HOLD
Price Target $14.00Cdn (Hit Target August 29, 2002)
GLG Price day before:$7.10Finish day posting$7.77Current:$41.26US
GLG.TO Price day before:$11.20Finish day posting$12.10Current:$46.45
-------------May 23, 2002---------
Downgraded to HOLD from BUY
Price Target $14.00Cdn (Hit Target)
GLG Price day before:$9.68Finish day posting$9.69Current:$41.26US
GLG.TO Price day before:$14.80Finish day posting$14.81Current:$46.45
********************************************************
John Bridges ........... J.P. Morgan…May 25, 2006
Upgraded to OVERWEIGHT from NEUTRAL
GLG Price day before:$34.82Finish day posting$36.94Current:$41.26US
GLG.TO Price day before:$38.91Finish day posting$40.80Current:$46.45
----------Dec 11, 2003--------
Downgraded to NEUTRAL from OVERWEIGHT
GLG Price day before:$15.29Finish day posting$15.88Current:$41.26US
GLG.TO Price day before:$20.00Finish day posting$21.03Current:$46.45
----------November 08, 2002---------
New OVERWEIGHT
GLG Price day before:$8.80Finish day posting$8.76Current:$41.26US
GLG.TO Price day before:$13.75Finish day posting$13.80Current:$46.45
********************************************************
Paul O'Brien .........Raymond James........May 04, 2006
Upgraded to OUTPERFORM from MARKET PERFORM
Price Target raised to $46.00 from $35.50US (Target Hit Aug 31, 2006)
GLG Price day before:$40.40Finish day posting$41.40Current:$41.26US
GLG.TO Price day before:$44.70Finish day posting$46.03Current:$46.45
--------April 10, 2006------------
Downgraded to MARKET PERFORM from OUTPERFORM
GLG Price day before:$35.48Finish day posting$35.16Current:$41.26US
GLG.TO Price day before:$40.65Finish day posting$40.45Current:$46.45
----------Jan 18, 2006-------
Downgraded to MARKET PERFORM from OUTPERFORM
GLG Price day before:$29.41Finish day posting$28.63Current:$41.26US
GLG.TO Price day before:$34.30Finish day posting$32.94Current:$46.45
--------Dec 23, 2005--------
Upgraded to OUTPERFORM from MARKET PERFORM
Price Target raised to $35.25 from $28.25C (Target Hit Jan 06, 2006)
GLG Price day before:$26.15Finish day posting$26.50Current:$41.26US
GLG.TO Price day before:$30.41Finish day posting$30.87Current:$46.45
**************
Mark Smith......... Dundee Securities…………April 11, 2006
Upgraded to NEUTRAL from UNDERPERFORM
GLG Price day before:$35.16Finish day posting$34.54Current:$41.26US
GLG.TO Price day before:$40.45Finish day posting$39.57Current:$46.45
***************
Haytham Hodaly........Salman Partners........April 10, 2006
Price Target raised to $46.25 from $40.00C (Target Hit May 05, 2006)
GLG Price day before:$35.48Finish day posting$35.16Current:$41.26US
GLG.TO Price day before:$40.65Finish day posting$40.45Current:$46.45
**************
Barry Cooper .......CIBC World Markets……Feb 27, 2006
Upgraded to SECTOR OUTPERFORM from SECTOR PERFORM
Price Target raised to $46.00 from $41.00US (Target Hit Aug 31, 2006)
GLG Price day before:$29.37Finish day posting$28.07Current:$41.26US
GLG.TO Price day before:$33.62Finish day posting$31.80Current:$46.45
--------Jan 05, 2006------------
Downgraded to SECTOR PERFORM from SECTOR OUTPERFORM
GLG Price day before:$29.73Finish day posting$29.03Current:$41.26US
GLG.TO Price day before:$34.02Finish day posting$33.75Current:$46.45
--------Oct 06, 2004-----------
Upgraded to SECTOR OUTPERFORM from SECTOR PERFORM
Price Target raised to $24.00 from $20.00US (Target Hit Dec 06, 2005)
GLG Price day before:$18.94Finish day posting$19.28Current:$41.26US
GLG.TO Price day before:$23.84Finish day posting$24.25Current:$46.45
--------Oct 06, 2003-------
Downgraded to SECTOR PERFORM from SEC OUTPERFORM
GLG Price day before:$12.88Finish day posting$16.90Current:$41.26US
GLG.TO Price day before:$17.21Finish day posting$17.32Current:$46.45
-----------May 09, 2002-----------
New STRONG BUY
Price Target $10.00US (Hit Target June 04, 2002)
GLG Price day before:$6.99Finish day posting$7.37Current:$41.26US
GLG.TO Price day before:$10.97Finish day posting$11.47Current:$46.45
************************
David Stein .............Sprott …....Feb 27, 2006
Downgraded to MARKET PERFORM from BUY
Price Target reduced to $35.00 from $39.00C (Target Hit Mar 27, 2006)
GLG Price day before:$29.37Finish day posting$28.07Current:$41.26US
GLG.TO Price day before:$33.62Finish day posting$31.80Current:$46.45
************
Barry Allan .............. Research Capital …....Feb 27, 2006
Upgraded to BUY from ACCUMULATE
Price Target raised to $45.00 from $37.50C (Target Hit May 92, 3006)
GLG Price day before:$29.37Finish day posting$28.07Current:$41.26US
GLG.TO Price day before:$33.62Finish day posting$31.80Current:$46.45
--------Feb 14, 2006-----------
Upgraded to ACCUMULATE from HOLD
GLG Price day before:$27.55Finish day posting$28.37Current:$41.26US
GLG.TO Price day before:$31.89Finish day posting$32.77Current:$46.45
------Nov 02, 2004-------
Downgraded to ACCUMULATE from BUY
GLG Price day before:$19.22Finish day posting$18.66Current:$41.26US
GLG.TO Price day before:$23.47Finish day posting$22.87Current:$46.45
----May 05, 2004------
Maintained BUY
Price Target $24.25Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$14.88Finish day posting$14.66Current:$41.26US
GLG.TO Price day before:$20.30Finish day posting$20.07Current:$46.45
------Feb 18, 2004------
Maintained BUY
Price Target $24.25Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$17.23Finish day posting$16.29 Current:$41.26US
GLG.TO Price day before:$22.44Finish day posting$21.49Current:$46.45
---------Jan 12, 2004-------
Price Target $24.25Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$16.96Finish day posting$16.75 Current:$41.26US
GLG.TO Price day before:$21.50Finish day posting$21.41Current:$46.45
-------Nov 04, 2003----------
Price Target $24.25Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$13.82Finish day posting$14.00Current:$41.26US
GLG.TO Price day before:$18.49Finish day posting$18.61Current:$46.45
--------August 06, 2003--------
Reiterated BUY
Price Target $24.25Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$12.72Finish day posting$12.78Current:$41.26US
GLG.TO Price day before:$18.10Finish day posting$18.25Current:$46.45
-----------January 30, 2003----------
Reiterated BUY
Price Target raised to $24.25 from $20.20Cdn (Hit Target Oct 06, 2004)
GLG Price day before:$12.31Finish day posting$12.25Current:$41.26US
GLG.TO Price day before:$18.80Finish day posting$18.80Current:$46.45
----------December 16, 2002-----------
Reiterated BUY
Price Target raised to $20.20 from $17.50Cdn (Hit Target Nov 12, 2003)
GLG Price day before:$10.35Finish day posting$10.70Current:$41.26US
GLG.TO Price day before:$16.05Finish day posting$16.56Current:$46.45
-----------October 07, 2002------------
Reiterated BUY
Price Target raised to $17.50 from $16.00Cdn (Hit Target Dec 27, 2002)
GLG Price day before:$9.02Finish day posting$8.94Current:$41.26US
GLG.TO Price day
before:$14.31Finish day posting$14.16Current:$46.45
-----------June 17, 2002------------
Reiterated BUY
Price Target raised to $16.00 from $9.00Cdn (Hit Target Sept 09, 2002)
GLG Price day before:$8.21Finish day posting$8.15Current:$41.26US
GLG.TO Price day before:$12.86Finish day posting$11.80Current:$46.45
-----------February 26, 2002------------
Reiterated BUY
Price Target raised to $9.00Cdn (Hit Target April 11, 2002)
GLG Price day before:$4.39Finish day posting$4.74Current:$41.26US
GLG.TO Price day
before:$7.05Finish day posting$7.65Current:$46.45
-----------November 21, 2001------------
Reiterated BUY
Price Target $6.50Cdn (Hit Target Jan 15, 2002)
GLG Price day before:$3.25Finish day posting$3.27Current:$41.26US
GLG.TO Price day
before:$5.23Finish day posting$5.25Current:$46.45
********************************************************
Chad Williams.........Blackmont Capital .. ………Dec 02, 2005
Maintained BUY
GLG Price day before:$23.28Finish day posting$22.57Current:$41.26US
GLG.TO Price day before:$27.10Finish day posting$26.20Current:$46.45
First Associates--------Aug 04, 2005
Maintained BUY
GLG Price day before:$18.86Finish day posting$18.93Current:$41.26US
GLG.TO Price day before:$22.91Finish day posting$22.95Current:$46.45
-------May 03, 2005-------
Maintained BUY
GLG Price day before:$13.76Finish day posting$14.30Current:$41.26US
GLG.TO Price day before:$17.29Finish day posting$17.99Current:$46.45
------Feb 11, 2004------
Upgraded to BUY from HOLD
GLG Price day before:$17.78Finish day posting$17.66Current:$41.26US
GLG.TO Price day before:$22.00Finish day posting$21.87Current:$46.45
-------Feb 07, 2005---------
Maintained HOLD
GLG Price day before:$16.36Finish day posting$15.80Current:$41.26US
GLG.TO Price day before:$20.50Finish day posting$19.81Current:$46.45
-----Dec 16, 2004------
Downgraded to HOLD from BUY
GLG Price day before:$19.17Finish day posting$17.75Current:$41.26US
GLG.TO Price day before:$23.50Finish day posting$21.87Current:$46.45
--------Dec 09, 2004---------
Maintained BUY
GLG Price day before:$18.55Finish day posting$18.81Current:$41.26US
GLG.TO Price day before:$22.56Finish day posting$23.05Current:$46.45
------Nov 02, 2004---------
Maintained BUY
GLG Price day before:$19.22Finish day posting$18.66Current:$41.26US
GLG.TO Price day before:$23.47Finish day posting$22.87Current:$46.45
-----------Sept 22, 2004-----
New BUY
Price Target $29.00C (Target Hit Dec 07, 2005)
GLG Price day before:$17.17Finish day posting$17.36Current:$41.26US
GLG.TO Price day before:$22.07Finish day posting$22.36Current:$46.45
***************
Ron Coll ........ Jennings Capital…......Nov 02, 2005
Downgraded to HOLD from BUY
Price Target $26.00Cdn (Target Hit)
GLG Price day before:$20.82Finish day posting$21.25Current:$41.26US
GLG.TO Price day before:$24.49Finish day posting$25.07Current:$46.45
--------Feb 09, 2004---------
Maintained BUY
Price Target raised to $27.00 from $20.00Cdn (Target Hit Nov 16, 2005)
GLG Price day before:$15.69Finish day posting$16.21Current:$41.26US
GLG.TO Price day before:$20.67Finish day posting$21.50Current:$46.45
---------August 05, 2003---------
Maintained BUY
Price Target $20.00Cdn (Hit Target August 20, 2003)
GLG Price day before:$12.71Finish day posting$12.72Current:$41.26US
GLG.TO Price day before:$17.47Finish day posting$17.68Current:$46.45
--------November 13, 2002--------
Maintained BUY
Price Target $15.00Cdn (Hit Target Dec 12, 2002)
GLG Price day before:$8.75Finish day posting$8.88Current:$41.26US
GLG.TO Price day before:$13.99Finish day posting$13.18Current:$46.45
********************************************************
George Albino ............. Orion Securities…….Apr 12, 2005
Maintained OVERWEIGHT
Price Target $27.00C (Target Hit Nov 16, 2005)
GLG Price day before:$15.20Finish day posting$15.28Current:$41.26US
GLG.TO Price day before:$18.71Finish day posting$18.90Current:$46.45
--------Dec 07, 2004------
Maintained OVERWEIGHT
Price Target $27.00C (Target Hit Nov 16, 2005)
GLG Price day before:$18.95Finish day posting$18.79Current:$41.26US
GLG.TO Price day before:$22.75Finish day posting$22.74Current:$46.45
------May 05, 2004-----
Maintained OVERWEIGHT
Price Target $26.30C
GLG Price day before:$14.88Finish day posting$14.66Current:$41.26US
GLG.TO Price day before:$20.30Finish day posting$20.07Current:$46.45
****************
******************
Michael Durose ............. First Associates…….May 07, 2004
Upgraded to BUY from HOLD
GLG Price day before:$14.32Finish day posting$13.50Current:$41.26US
GLG.TO Price day before:$19.70Finish day posting$18.43Current:$46.45
-------May 05, 2004---------
Maintained HOLD
GLG Price day before:$14.88Finish day posting$14.66Current:$41.26US
GLG.TO Price day before:$20.30Finish day posting$20.07Current:$46.45
-------Apr 20, 2004-------
Maintained HOLD
GLG Price day before:$16.16Finish day posting$14.94Current:$41.26US
GLG.TO Price day before:$21.80Finish day posting$20.41Current:$46.45
******************
Stephen D. Walker ........ RBC Capital Markets…November 12, 2002
Upgraded to SECTOR PERFORM from UNDERPERFORM
Price Target raised to $9.00 from $8.00US(Hit Target)
GLG Price day before:$8.75Finish day posting$8.88Current:$41.26US
GLG.TO Price day before:$13.75Finish day posting$13.99Current:$46.45
--------------February
20, 2002------------
Downgraded to UNDERPERFORM from SECTOR PERFORM
Price Target $6.00US (Hit Target April 18, 2002)
GLG Price day before:$4.58Finish day posting$4.50Current:$41.26US
GLG.TO Price day
before:$7.35Finish day posting$7.31Current:$46.45
********************************************************
Mark Smith ................ First Associates…………October 09, 2002
Upgraded to HOLD from SELL
Price Target 12.00Cdn (Hit Target)
GLG Price day before:$8.11Finish day posting$7.85Current:$41.26US
GLG.TO Price day before:$12.80Finish day posting$12.59Current:$46.45
-----------September 25, 2002------------
Downgraded to SELL from HOLD
Price Target $12.00Cdn (Hit Short Target October 10, 2002)
GLG Price day before:$9.85Finish day posting$9.98Current:$41.26US
GLG.TO Price day before:$15.96Finish day posting$14.90Current:$46.45
********************************************************
Brian Christie ............. Canaccord Capital…….August 06, 2003
Maintained BUY
Price Target $13.50US (Hit Target Aug 11, 2003)
GLG Price day before:$12.72Finish day posting$12.78Current:$41.26US
GLG.TO Price day before:$19.23Finish day posting$19.52Current:$46.45
--------June 19, 2002-------
Downgraded to SELL from MARKET PERFORM
Price
Target raised to $11.00 from $8.75Cdn (Hit Short
Target July 24, 2002)
GLG Price day before:$8.72Finish day posting$9.02Current:$41.26US
GLG.TO Price day before:$13.40Finish day posting$14.00Current:$46.45
------------November
07, 2001-----------
Downgraded to MARKET PERFORM from BUY
Price Target reduced to $5.00 from $5.50Cdn (Hit Target)
GLG Price day before:$3.21Finish day posting$3.40Current:$41.26US
GLG.TO Price day
before:$5.18Finish day posting$5.38Current:$46.45
********************************************************
Steven Butler ........... BMO Nesbitt Burns …………June 13, 2002
Maintained OUTPERFORM
Price Target raised to $12.00 from $7.50Cdn (Hit Target)
GLG Price day before:$8.08Finish day posting$7.80Current:$41.26US
GLG.TO Price day before:$12.25Finish day posting$11.84Current:$46.45
-------------March
07, 2002-------------
Upgraded to OUTPERFORM from MARKET PERFORM
GLG Price day before:$4.70Finish day posting$4.61Current:$41.26US
GLG.TO Price day
before:$7.48Finish day posting$7.25Current:$46.45
********************************************************
Joseph Hamilton ............. Dundee Securities…………May 07, 2002
Maintained HOLD
Price Target raised to $12.00 from $7.50Cdn (Hit Target)
GLG Price day before:$7.00Finish day posting$7.12Current:$41.26US
GLG.TO Price day before:$11.00Finish day posting$11.15Current:$46.45
********************************************************
Robert P. Van Doorn ....... Loewen, Ondaatje, McCutcheon …November 07, 2001
Reiterated BUY
Price Target $6.50Cdn (Hit Target Jan 15, 2002)
GLG Price day before:$3.21Finish day posting$3.40Current:$41.26US
GLG.TO Price day before:$5.18Finish day posting$5.38Current:$46.45
********************************************************
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