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Stocks to Watch Based on the "Higher" Lists Commentary by Stephen Moore Dec 04, 2010
Kinross Gold (TSX/NY K/KGC) Kinross bounced off the previous period's low of $17.65Cdn and is currently approaching thr previous "High". Credit Suisse's' Anita Soni upgraded Kinross to Outperform to Neutral with a target of $22.00US. The latest upgrade placed her on this years "Best Timing Upgrades/Downgrades 2010" for the fifth time this year.
BCgold (VEN/OTC BCG/BCGOF)
BCgold will be on our next Dec 16 to 31 "Higher High" list and most likely "Higher High/low" list breaking through the previous high of $0.12Cdn. This was triggered by the following news release: BCGold Corp. Confirms High Gold Grades at Engineer Gold Mine Property, B.C.
Avion Gold (VEN/OTC AVR/AVGCF)
Avion Gold earned $0.04per share by selling 25,700 ounces of gold during the 3rd quarter. AVR's gold revenue was $31.7 million vs. $13.9 million summed up in the following. Avion Gold Produces 23,609 Ounces at Cash Costs of US$ 498 in Third Quarter 2010 . Canaccord/Genuity's Eric Zaunscherb raised his Target to $2.10Cdn from $1.60Cdn.
Allana Potash Corp (VEN AAA)
Allana Potash Corp benefited courtesy of K +S AG's take over offer of Potash One as profit takers bought up AAA's shares. This coupled with recent short sellers covering has propelled AAA into new 52 week highs.
Barrick Gold Corp (TSX/NY ABX)
Barrick Gold managed to make a new 52 week high again which should place some pressure on short sellers. Analyst targets range from the high $59 to $70.00US.
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