Northgate Minerals Limited (TSX NGX ..NY NXG) Last updated: July 15, 2009
Northgate
Minerals Corporation is a gold and copper mining company focused on operations
and opportunities in the Americas. The Corporation's principal assets are the
Kemess South Mine in north-central British Columbia, which produces
approximately 300,000 ounces of gold and 75 million pounds of copper per year,
and the adjacent Kemess North deposit, which contains a Proven and Probable
Reserve of 4.1 million ounces of gold.
Northgate is now widely recognized as one of the finest operators in the global
mining business. This reputation is based on the Corporation's outstanding track
record of delivering on its promises. Over the past five years, a dedicated and
knowledgeable workforce has transformed Kemess into one of the most efficient
open pit mines in the world. In 2004, exceptional operating performance at
Kemess combined with a strong metal price environment, produced record earnings
of $31 million and record cash flow of almost $73 million. As the Corporation
moves forward into 2005 and beyond, the culture of operational excellence that
exists within Northgate will provide a solid foundation for growth in pursuit of
the Corporation's vision of becoming a larger, multi-mine gold producer.
RECENT NEWS: AuRico Gold to Acquire Northgate Minerals and Create A Leading Intermediate Gold Company
Northgate Minerals Reports Second Quarter Results
Northgate Minerals Reports Solid First Quarter Results
Northgate Minerals Reports Record Gold Production of 362,743 Ounces in 2009
Northgate Reports Third Quarter Cash Flow of $50.5 million
Northgate Reports Strong Second Quarter Operating Cash Flow of $50 Million
Steven J. Green ....... TD Securities…Aug 30, 2011
Moved to TENDER from BUY
NGX.TO Price day before: $3.93 Finish day of posting:$3.99Current:$3.99
NXG Price day before: $4.03 Finish day of posting:$4.09Current:$4.09US
------July 14, 2011------
Upgraded to BUY from HOLD
Target raised to $4.00 from $3.25US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.82 Finish day of posting:$2.88Current:$3.99
NXG Price day before: $2.90 Finish day of posting:$3.03Current:$4.09US
-------May 11, 2011-------
Maintained HOLD
Target raised to $3.25 from $3.00US (Target Hit July 19, 2011)
NGX.TO Price day before: $2.73 Finish day of posting:$2.69Current:$3.99
NXG Price day before: $2.88 Finish day of posting:$2.80Current:$4.09US
------Jan 12, 2011-----
Maintained HOLD
Target reduced to $3.00 from $3.50US
NGX.TO Price day before: $2.96 Finish day of posting:$2.89Current:$3.99
NXG Price day before: $2.96 Finish day of posting:$2.93Current:$4.09US
------Aug 11, 2010-----
Maintained HOLD
Target reduced to $3.50 from $3.75US (Target Hit Sept 18, 2010)
NGX.TO Price day before: $3.05 Finish day of posting:$3.02Current:$3.99
NXG Price day before: $2.94 Finish day of posting:$2.89Current:$4.09US
-------May 12, 2010------
Maintained HOLD
Target $3.25US
NGX.TO Price day before: $3.45 Finish day of posting:$3.37Current:$3.99
NXG Price day before: $3.35 Finish day of posting:$3.31Current:$4.09US
------Mar 11, 2010-----
Maintained HOLD
Target $3.25US (Target Hit)
NGX.TO Price day before: $2.96 Finish day of posting:$3.00Current:$3.99
NXG Price day before: $2.88 Finish day of posting:$2.93Current:$4.09US
-----Nov 04, 2009-----
Downgraded to HOLD from BUY
Target reduced to $3.25 from $3.75US (Target Hit Nov 25, 2009)
NGX.TO Price day before: $2.94 Finish day of posting:$2.99Current:$3.99
NXG Price day before: $2.81 Finish day of posting:$2.80Current:$4.09US
------Oct 14, 2009------
Maintained BUY
Target raised to $3.75 from $3.50US
NGX.TO Price day before: $2.94 Finish day of posting:$2.87Current:$3.99
NXG Price day before: $2.81 Finish day of posting:$2.80Current:$4.09US
--------July 16, 2009------
Maintained BUY
Target raised to $3.50 from $3.25US
NGX.TO Price day before: $2.55 Finish day of posting:$2.57Current:$3.99
NXG Price day before: $2.29 Finish day of posting:$2.32Current:$4.09US
--------Apr 16, 2009------
Maintained BUY
Target raised to $2.50 from $2.00US (Target Hit Sept 03, 2009)
NGX.TO Price day before: $1.54 Finish day of posting:$1.64Current:$3.99
NXG Price day before: $1.29 Finish day of posting:$1.36Current:$4.09US
-------Jan 15, 2009---------
Maintained BUY
Target $2.00US (Target Hit May 12, 2009)
NGX.TO Price day before: $1.06 Finish day of posting:$1.10Current:$3.99
NXG Price day before: $0.84 Finish day of posting:$0.89Current:$4.09US
*************************
Barry Cooper....... CIBC World Markets…July 14, 2011
Downgraded to SECTOR PERFORM from OUTPERFORM
Target reduced to $3.60 from $4.00US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.82 Finish day of posting:$2.88Current:$3.99
NXG Price day before: $2.90 Finish day of posting:$3.03Current:$4.09US
------May 12, 2011-------
Target reduced to $4.00 from $4.25US
NGX.TO Price day before: $2.69 Finish day of posting:$2.74Current:$3.99
NXG Price day before: $2.80 Finish day of posting:$2.85Current:$4.09US
------Jan 31, 2011-------
Target reduced to $4.25 from $5.25US
NGX.TO Price day before: $2.65 Finish day of posting:$2.56Current:$3.99
NXG Price day before: $2.62 Finish day of posting:$2.58Current:$4.09US
------Mar 12, 2010-------
Target reduced to $4.50 from $5.00US
NGX.TO Price day before: $3.00 Finish day of posting:$3.11Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$3.05Current:$4.09US
**********
Steven Butler .......Canaccord/Adams …Jan 20, 2011
Maintained BUY
Target reduced to $4.50 from $5.00US
NGX.TO Price day before: $2.72 Finish day of posting:$2.69Current:$3.99
NXG Price day before: $2.73 Finish day of posting:$2.68Current:$4.09US
------Jan 20, 2010------
Maintained BUY
Target reduced to $4.40 from $4.60US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $3.41 Finish day of posting:$3.29Current:$3.99
NXG Price day before: $3.30 Finish day of posting:$3.13Current:$4.09US
------Nov 04, 2009--------
Maintained BUY
Target $3.90US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.94 Finish day of posting:$2.99Current:$3.99
NXG Price day before: $2.81 Finish day of posting:$2.80Current:$4.09US
-------July 07, 2009--------
Maintained BUY
Target raised to $3.50 from $2.50US (Target Hit Jan 11, 2010)
NGX.TO Price day before: $2.48 Finish day of posting:$2.50Current:$3.99
NXG Price day before: $2.12 Finish day of posting:$2.14Current:$4.09US
------May 11, 2009------
Maintained BUY
Target raised to $2.50 from $2.30US (Target Hit Sept 03, 2009)
NGX.TO Price day before: $2.15 Finish day of posting:$2.30Current:$3.99
NXG Price day before: $1.98 Finish day of posting:$2.15Current:$4.09US
-------Apr 16, 2009--------
Maintained BUY
Target raised to $2.30 from $2.15US (Target Hit May 27, 2009)
NGX.TO Price day before: $1.54 Finish day of posting:$1.64Current:$3.99
NXG Price day before: $1.29 Finish day of posting:$1.36Current:$4.09US
------Feb 18, 2009------
Maintained BUY
Target raised to $2.15 from $1.50US (Target Hit May 26, 2009)
NGX.TO Price day before: $1.81 Finish day of posting:$1.90Current:$3.99
NXG Price day before: $1.46 Finish day of posting:$1.51Current:$4.09US
***************
....... Cormark…Jan 10, 2011
Maintained MARKET PERFORM
Target raised to $4.25 from $3.50US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.91 Finish day of posting:$2.95Current:$3.99
NXG Price day before: $2.95 Finish day of posting:$2.95Current:$4.09US
------Aug 11, 2010-----
Maintained MARKET PERFORM
Target reduced to $3.50 from $4.00US (Target Hit Sept 18, 2010)
NGX.TO Price day before: $3.05 Finish day of posting:$3.02Current:$3.99
NXG Price day before: $2.94 Finish day of posting:$2.89Current:$4.09US
-----Mar 10, 2010-----
Maintained MARKET PERFORM
Target raised to $3.30 from $3.20US
NGX.TO Price day before: $3.00 Finish day of posting:$2.96Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$2.88Current:$4.09US
------Feb 11, 2010-----
New MARKET PERFORM
Target $3.20US
NGX.TO Price day before: $2.85 Finish day of posting:$2.93Current:$3.99
NXG Price day before: $2.69 Finish day of posting:$2.80Current:$4.09US
************
David Christie ....... Scotia Capital…Nov 18, 2010
Maintained SECTOR PERFORM
Target raised to $4.00 from $3.80US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $3.02 Finish day of posting:$2.99Current:$3.99
NXG Price day before: $2.92 Finish day of posting:$2.91Current:$4.09US
------Nov 11, 2010-------
Maintained SECTOR PERFORM
Target raised to $3.80 from $3.50US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $3.03 Finish day of posting:$3.18Current:$3.99
NXG Price day before: $3.03 Finish day of posting:$3.17Current:$4.09US
------Oct 12, 2010------
Maintained SECTOR PERFORM
Target reduced to $3.50 from $3.60US (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.99 Finish day of posting:$2.92Current:$3.99
NXG Price day before: $2.94 Finish day of posting:$2.88Current:$4.09US
------Sept 17, 2010--------
Maintained SECTOR PERFORM
Target raised to $3.60 from $3.30US
NGX.TO Price day before: $3.58 Finish day of posting:$3.49Current:$3.99
NXG Price day before: $3.45 Finish day of posting:$3.41Current:$4.09US
-----Aug 11, 2010-----
Maintained SECTOR PERFORM
Target reduced to $3.30 from $3.70US (Target Hit Sept 14, 2010)
NGX.TO Price day before: $3.05 Finish day of posting:$3.02Current:$3.99
NXG Price day before: $2.94 Finish day of posting:$2.89Current:$4.09US
-----Mar 10, 2010---
Maintained SECTOR PERFORM
Target reduced to $3.00 from $3.10US
NGX.TO Price day before: $3.00 Finish day of posting:$2.96Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$2.88Current:$4.09US
----July 07, 2009--------
Target raised to $2.70 from $2.50US (Target Hit Sept 04, 2009)
NGX.TO Price day before: $2.48 Finish day of posting:$2.50Current:$3.99
NXG Price day before: $2.12 Finish day of posting:$2.14Current:$4.09US
-----May 12, 2009------
Upgraded to SECTOR PERFORM from UNDERPERFORM
Target raised to $2.00 from $1.50US (Target Hit)
NGX.TO Price day before: $2.15 Finish day of posting:$2.30Current:$3.99
NXG Price day before: $1.85 Finish day of posting:$1.98Current:$4.09US
------Apr 15, 2009------
Target raised to $1.50 from $1.20US(Target Hit)
NGX.TO Price day before: $1.55 Finish day of posting:$1.54Current:$3.99
NXG Price day before: $1.28 Finish day of posting:$1.29Current:$4.09US
-------Jan 30, 2009----------
Target raised to $1.20 from $0.80US
NGX.TO Price day before: $1.45 Finish day of posting:$1.47Current:$3.99
NXG Price day before: $1.22 Finish day of posting:$1.21Current:$4.09US
------Jan 15, 2009-------
Target raised to $0.80 from $0.70US
NGX.TO Price day before: $1.06 Finish day of posting:$1.10Current:$3.99
NXG Price day before: $0.84 Finish day of posting:$0.89Current:$4.09US
*************************
Barry Allan....... Mackie Research Capital…Oct 18, 2010
Maintained BUY
Target raised to $3.80 from $3.60C (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.92 Finish day of posting:$2.91Current:$3.99
NXG Price day before: $2.90 Finish day of posting:$2.86Current:$4.09US
------Aug 09, 2010-----
Upgraded to BUY from HOLD
Target reduced to $3.60 from $3.70C (Target Hit Aug 29, 2011)
NGX.TO Price day before: $3.00 Finish day of posting:$3.02Current:$3.99
-----Mar 22, 2010------
Target raised to $3.85 from $2.60C
NGX.TO Price day before: $3.00 Finish day of posting:$3.11Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$3.05Current:$4.09US
**********
....... Credit Suisse…Mar 12, 2010
Maintained NEUTRAL
Target reduced to $3.25 from $3.40US
NGX.TO Price day before: $3.00 Finish day of posting:$3.11Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$3.05Current:$4.09US
-----Jan 27, 2010-------
Downgraded to NEUTRAL from OUTPERFORM
Target reduced to $3.40 from $3.75US
NGX.TO Price day before: $3.11 Finish day of posting:$2.91Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$2.75Current:$4.09US
-------May 21, 2009-------
Target raised to $2.20 from $1.65US (Target Hit May 26, 2009)
NGX.TO Price day before: $2.21 Finish day of posting:$2.28Current:$3.99
NXG Price day before: $1.97 Finish day of posting:$2.01Current:$4.09US
-----Mar 06, 2009-----
Target raised to $1.35 from $1.25US (Target Hit)
NGX.TO Price day before: $1.50 Finish day of posting:$1.49Current:$3.99
NXG Price day before: $1.17 Finish day of posting:$1.15Current:$4.09US
**********
George Albino ....... Macquarie .......Mar 10, 2010
Upgraded to NEUTRAL from UNDERPERFORM
NGX.TO Price day before: $3.00 Finish day of posting:$2.96Current:$3.99
NXG Price day before: $2.93 Finish day of posting:$2.88Current:$4.09US
George Albino ....... Orion Securities
------Feb 09, 2009-------
Target raised to $1.80 from $1.25C (Target Hit)
NGX.TO Price day before: $1.65 Finish day of posting:$1.65Current:$3.99
NXG Price day before: $1.37 Finish day of posting:$1.39Current:$4.09US
*************************
Brad Humphrey....... CIBC World Markets…Aug 11, 2009
Maintained SECTOR PERFORM
Target raised to $3.15 from $2.80US (Target Hit Nov 16, 2009)
NGX.TO Price day before: $2.45 Finish day of posting:$2.35Current:$3.99
NXG Price day before: $2.26 Finish day of posting:$2.17Current:$4.09US
------May 11, 2009-------
Target raised to $2.30 from $1.65US (Target Hit)
NGX.TO Price day before: $2.15 Finish day of posting:$2.30Current:$3.99
NXG Price day before: $1.98 Finish day of posting:$2.15Current:$4.09US
--------Jan 19, 2009-------
Target raised to $1.30 from $1.15US
NGX.TO Price day before: $1.18 Finish day of posting:$1.30Current:$3.99
NXG Price day before: $3.10 Finish day of posting:$3.17Current:$4.09US
*************************
Christine Healy....... Genuity…July 15, 2009
Maintained BUY
Target raised to $4.00 from $3.25C (Target Hit Aug 29, 2011)
NGX.TO Price day before: $2.47 Finish day of posting:$2.55Current:$3.99
NXG Price day before: $2.18 Finish day of posting:$2.29Current:$4.09US
------May 26, 2009---------
Target raised to $3.25 from $3.00C(Target Hit Sept 16, 2009)
NGX.TO Price day before: $2.45 Finish day of posting:$2.45Current:$3.99
NXG Price day before: $2.07 Finish day of posting:$2.19Current:$4.09US
--------May 11, 2009-------
Target raised to $3.00 from $2.50C (Target Hit Sept 08, 2009)
NGX.TO Price day before: $2.15 Finish day of posting:$2.30Current:$3.99
NXG Price day before: $1.98 Finish day of posting:$2.15Current:$4.09US
-------Apr 16, 2009-------
Target $2.50C (Target Hit May 27, 2009)
NGX.TO Price day before: $1.54 Finish day of posting:$1.64Current:$3.99
NXG Price day before: $1.29 Finish day of posting:$1.36Current:$4.09US
-------Jan 22, 2009------
Target raised to $2.25 from $2.00C (Target Hit May 12, 2009)
NGX.TO Price day before: $1.24 Finish day of posting:$1.32Current:$3.99
NXG Price day before: $0.92 Finish day of posting:$0.97Current:$4.09US
**************
Richard Gray ....... Blackmont…May 11, 2009
Maintained HOLD
Target raised to $1.80 from $1.20C
NGX.TO Price day before: $2.15 Finish day of posting:$2.30Current:$3.99
NXG Price day before: $1.98 Finish day of posting:$2.15Current:$4.09US
------Mar 05, 2009-----
Maintained HOLD
Target reduced to $1.20 from $1.25C (Target Hit Jan 19, 2009)
NGX.TO Price day before: $1.49 Finish day of posting:$1.50Current:$3.99
NXG Price day before: $1.18 Finish day of posting:$1.17Current:$4.09US
-------Jan 15, 2009-----
Maintained HOLD
Target reduced to $1.25 from $1.50C (Target Hit Jan 19, 2009)
NGX.TO Price day before: $1.06 Finish day of posting:$1.10Current:$3.99
NXG Price day before: $0.84 Finish day of posting:$0.89Current:$4.09US
*****************
Northgate Minerals Limited
Short Positions
Date Outstanding Price Range
July 01 to 15, 2010 1.95million $3.22 to $2.93
June 16 to 30, 2010 1,973,753 $3.35 to $3.01
June 01 to 15, 2010 2,097,561 $3.25 to $2.94
May 16 to 31, 2010 1,863,063 $3.25 to $2.85
May 01 to 15, 2010 1,971,672 $3.49 to $3.12
Apr 16 to 30, 2010 2,014,783 $3.39 to $2.98
Apr 01 to 15, 2010 1,850,152 $3.18 to $2.98
Mar 16 to 31, 2010 1,709,765 $3.26 to $2.98
Mar 01 to 15, 2010 1,283,309 $3.16 to $2.88
Feb 16 to 28, 2010 1,032,941 $2.88 to $2.65
Feb 01 to 15, 2010 1,009,435 $3.01 to $2.47
Jan 16 to 31, 2010 1,059,103 $3.44 to $2.66
Jan 01 to 15, 2010 933,615 $3.70 to $3.26
Dec 16 to 31, 2009 1,036,302 $3.47 to $3.06
Dec 01 to 15, 2009 910,835 $3.67 to $3.25
Nov 16 to 30, 2009 890,477 $3.53 to $3.14
Nov 02 to 13, 2009 799,707 $3.19 to $2.69
Oct 16 to 30, 2009 482,887 $3.07 to $2.62
Oct 01 to 15, 2009 220,305 $3.03 to $2.71
Sept 16 to 30, 2009 807,094 $3.32 to $2.80
Sept 01 to 15, 2009 329,954 $3.22 to $2.40
Aug 17 to 31, 2009 367,716 $2.48 to $2.25
Aug 04 to 14, 2009 420,113 $2.70 to $2.35
July 16 to 31, 2009 379,400 $2.65 to $2.40
July 02 to 15, 2009 408,016 $2.63 to $2.25
June 16 to 30, 2009 332,951 $2.82 to $2.12
June 01 to 15, 2009 212,982 $2.65 to $2.33
May 19 to 29, 2009 $2.73 to $2.07
May 01 to 15, 2009 1,300,182 $2.41 to $1.68
Apr 16 to 30, 2009 636,680 $1.80 to $1.55
Apr 01 to 15, 2009 610,094 $1.80 to $1.51
Mar 16 to 31, 2009 578,468 $1.82 to $1.41
Mar 13, 2009 665,469 $1.58 to $1.21
Feb 27, 2009 552,981 $1.90 to $1.38
Feb 13, 2009 392,460 $1.76 to $1.40
Jan 31, 2009 538,827 $1.56 to $1.14
Jan 15, 2009 797,942 $1.15 to $0.97
Dec 31, 2008 768,181 $1.14 to $0.67
Dec 15, 2008 597,093 $1.16 to $0.72