Wednesday, September 29, 2010

CMM rated "Outperform"

I noticed today is the first time we have an analyst rating in the Scarsdale Equity Compilation of Analyst ratings on Miners. These are compiled by analysts that report to Thomsons First Call. We were rated a "Outperform."

http://www.kitco.com/ind/matlack/sep272010_juniors.html


Upon further research this is validated by the Reuters CMM page

http://www.reuters.com/finance/stocks/analyst?symbol=CMM.V

"Outperform" of course is a ridiculous understatement IMO but a good start considering we have not been rated at all in the past.

Does anyone here know how to find out which analyst rated us here? Was it Union Securities or another entity I wonder.

RE

3 comments:

Wingfong said...

Real-Econimics
I had almost given up following the 2 sites per your links coz they carried nothing on CMM all these days. Thanks for these latest updates. Though you have very high hope for CMM, the ratings of Buy/Hold and Outperform respectively by Scardale and Reuters are rather pleasing to me. We are now obviously in their radars and this is definately a form of progress

yikes1 said...

Normally on TD Waterhouse CMM had no ratings available, but noticed yesterday that there was 1 Buy rating...either way, it's progress.

real_economics said...

Yes. It's a sign of progress. Don't get me wrong - I don't take most analysts recommendations seriously. Let's not forget analysts were rating subprime mortgage companies as "strong buy." In the mining world, they tend to pile in AFTER the big move and the big money has been made. However, I think if nothing else it's a sign that management is "playing the game" and moving towards being a more institution-friendly equity.

RE