Monday, January 12, 2015

BMO upgrades Agnico to a buy - $7 too late

Apparently, BMO just upgraded AEM to a buy.

Well duh, we're in the middle of the Jan-Feb junior miners pop. Of course you upgrade miners to a buy right now if you want to make yourself look smart.

The question is why BMO didn't upgrade AEM in late December when it was $7 cheaper.

Maybe that BMO analyst should subscribe to Mickey Fulp's free newsletter, so he can get ahead of the curve? And yes, that was meant to sound exactly that silly.

Hey, BMO guys: just remember to downgrade all the miners to sells on the week before PDAC. Just make something up, doesn't matter what it is, you'll still look like geniuses.

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