Updating Northgate Minerals Corp., Tim Hortons and Ruby Tuesday, Inc.

Article Excerpt

NORTHGATE MINERALS CORP. $4.12 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateexploration.ca; Shares outstanding: 215.8 million; Market cap: $889.1 million) has increased the total estimated resource at its Young-Davidson property in Ontario by 33%, to 2.1 million ounces of gold from 1.5 million ounces. As well, one drill hole intersected strong gold showings, which suggests the presence of a major new gold zone. In the near term, Northgate’s Kemess South mine in B.C. is generating strong cash flow. Longer term, the development of the Kemess North and Young- Davidson properties provide growth prospects. Northgate is still a buy. TIM HORTONS $37.30 (Toronto symbol THI; SI Rating: Extra Risk) (905-845-6511; www.timshortons.com; Shares outstanding: 191.8 million; Market cap: $7.2 billion) continues to move up after reporting that same-store sales increased 9.3% in the fourth quarter at Tim Hortons restaurants in Canada, up from a 5.8% gain a year earlier. Same-store sales rose 8.3% at restaurants in the United States, up from an increase of 6.7%. As…

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