are all over the place for 2017. the range of -.13 to 22 cents is huge and means that no one wants to make the big move until this gets some more clarity. I doubt there is any downside here and surprises to the upside will open the gates. Next quarter consensus is $57 million. I predict $59.5-61.5 million. Anyone else care to make their prediction?
Hold for the run of this economic cycle, you'll be glad you did. Gold is on track to push into the $2000/oz and above in the next 24 months as the effects of all the economic easing measures work their way into the cycle. McEwen sounded almost crazy a couple of years ago with his prediction of $4-5k/oz gold, but it doesn't seem so crazy now.
Never hurts to have a major news outlet talking up the technical trend in share price. I am upping my personal estimates for % gains MUX vs. % gains in AU. Starting to look more like 7/1 gains rather than 4/1 gains. I'll take that any day. Now, let's see AU push past that $1250/oz ceiling and break out to $1300 and above.
Yeah, but no love (yet). I've never heard of the covering co. and their price target is only $8. I suspect that if we surprise on the upside for the next quarter, we will have a bump much more generous that the dollar and change that they are expecting.
I have long held this as a hedge against the inflation of the next economic cycle. As the economic policies have been somewhat different in the last 8 years (the tinkering of money supply via the QE's have moderated the inevitable devaluation of the dollar to some degree) but I suspect that the devaluation will play out in a long, slow unwinding that pushes gold to higher and higher highs, and this will be a sustained increase, with levels unseen, from a historical standpoint. Long time coming and will be with us for a longer time.
I expect at least one updated analysis from a covering analyst, with a new price target, this quarter. I would not be surprised if we also got 1-2 new initial covering analysts' reports. The merger is complete, time for the number crunchers to get after it.
BTW, if you missed the comment on the upside potential to any improvement in FISH reimbursement, know that this will be a real kick. CMS has punished the reimbursement and annual adjustments are inevitable, this time to the upside.
We beat by $0.7 million. Earnings a little lower, but that should not be a problem as we have more transition expenses. It's now all about how the merged company will perform and 2016 expectations.