[Goldfisch]

Übrigens hatte ich gestern vergessen diese Empfehlung von Canaccord Capital ins Board zu stellen.

Bema Gold "buy"

Monday, March 29, 2004 12:44:40 PM ET
Canaccord Capital

NEW YORK, March 29 (New Ratings) - Analysts at Canaccord Capital reiterate their "buy" rating on Bema Gold Corporation (BGO). The 12-month target price is set to $4.60.

Shares of Bema Gold, a gold mining and exploration company operating gold reserves in Russia, South Africa, Chile and Canada, are currently trading at $3.81.

According to Canaccord Capital’s research note published on March 26, the company reported Q403 EPS of -$0.06 against the estimate of $0.00. Bema Gold reported a loss of $7 million for the quarter, excluding hedge losses and project write downs, the analysts say. The company’s production in the fourth quarter declined due to lower feed grades, delays and rock breaking difficulties at the Petrex mines, the analysts add.

Canaccord Capital expects Bema Gold's production at Petrex to improve in the near term. The production at the company’s Refugio mine would recommence later this year, the analysts believe. Canaccord Capital expects the company's feasibility study on the Kupol project to be released in April this year.

The EPS estimates for 2004 and 2005 are $0.01 and $0.04, respectively.

Canaccord Capital reiterates its "buy" rating on Bema Gold Corporation.

© 2004 New Ratings