Quadra Mining (QUA:TO)

"* Macquarie raises Quadra Mining (QUA.TO - news) price target to C$20.50 from C$15.50" (Reuters). These targets are almost never reached. Thus I would make my own target for this stock at 15.50$. That is the level at which I will begin to sell.

With this news, Quadra Mining's share price blew past the mid 12's up into the mid 13's - up 82 cents today. See the following chart for more detail:



With strong copper and gold prices amid a bull market, this stock should perform very nicely which is why I had previously recommended QUA:TO. The chart looks fantastic and they are likely to see very strong earnings this quarter. Stay tuned for more updates.