Rayond James Upgrades VIT "Outperform" to "Strong Buy"- Price Objective C$1.50

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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Rayond James Upgrades VIT "Outperform" to "Strong Buy"- Price Objective C$1.50

posted on Mar 30, 2008 05:07PM

NEW YORK, March 28 (newratings.com) - Analysts at Raymond James upgrade Victoria Resource Corp (VIT) from "outperform" to "strong buy." The target price is set to C$1.50.

Ina research note published this morning, the analysts mention that drilling at the company’s Cove McCoy property has been delayed due to inexperienced drillers and bad ground. Victoria Resource is expected to report the drilling results from this property in late-April or early-May this year, the analysts add. The company’s share price has declined in recent weeks, Raymond James says.

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