Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The headlines on Japan are still uninspiring: “Japan sinking: Coast lowered by March quake, cities face daily floods at high tide” is what the Globe and Mail is going with on Monday morning. However, one analyst believes that the country’s Fukushima nuclear crisis and the global nuclear power industry will gradually stabilize, and that should be good news for patient investors who want to scoop up cheap uranium stocks right now.
Greg Barnes, an analyst at TD Newcrest, raised his recommendation on Cameco Corp. (CCJ) to “buy” from “hold,” even as he trimmed his 12-month price target on the stock to $37 from $42
