Q: Strong rally from some $1.43 in April to 1 yr H $2.405 on Jun 5 ,closed $2.28 on June 6..Recent strong rally in Gold & Sllver.Please comment on co.& going forward Buy,Hold or Sell. Txs for u usual great views & services.
5i Research Answer:
GGD has doubled+ this year, and the sector outlook continues to be positive, in our view. The company has $78M cash (plus $86M from a financing after quarter end) revenues are ramping up and it will be earnings positive this year. Production rose 10% and fundamentals are strong. We would lean to a BUY here on fundamentals and momentum.