Gammon Gold (NYSE:GRS) Price Target Raised by Canaccord Genuity

Canaccord Genuity announced it is raising its price target on Gammon Gold Inc. (NYSE:GRS), citing Ocampo production and valuation. Canaccord maintains a “Hold” on Gammon.”Gammon recently released Q3/10 operating results from its 100%-owned Ocampo Au/Ag operation in Mexico. We have also increased our peak Au and Ag assumption, which we apply to Ocampo in our valuation, to US$1,500/oz Au from US

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Gammon Gold (NYSE:GRS) Price Target Raised by Canaccord Genuity

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