Money4Gold Holdings Inc. Rated ‘Speculative Buy,’ Target Price $1.17 By Beacon Equity Research
Money4Gold holdings Inc. (OTCBB: MFGD) has been rated Speculative Buy with a price target of $1.17 by Beacon Analyst, Victor Sula, Ph.D.
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In the report, the analyst writes, “The Company launched its business in a test phase in this year’s third quarter and achieved results exceeding expectations. Going forward, MFGD has begun print, TV and radio advertising. … MFGD’s business model allows the Company to capitalize on rising demand for recycled precious metals, avoid mining risk and minimize its overhead spending and cost structure.”
Other companies in the industrial metals & mineral industry include: BHP Billiton Ltd. (NYSE: BHP), Peabody Energy Corp. (NYSE: BTU), CONSOL Energy Inc. (NYSE: CNX) and Fording Canadian Coal Trust (NYSE: FDG).
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