Banro Corp. fka BAA

[baystock1]

Add 2 Dirt-Cheap Gold Mining Stocks, See Them Shine - Analyst Blog
https://finance.yahoo.com/news/add-2-dirt-cheap-gold-180906368.html

This Year's Losers, Winners in 2015

Below we highlight two gold-mining stocks which have lost more than 50% of their value year to date. However, backed by a favorable Zacks Rank and upward estimate revision, we believe these stocks have the potential to turn around and it is a good idea to add them to one’s portfolio. Moreover, these stocks are dirt-cheap today.

Banro Corporation (BAA)

Based in Toronto, Canada, Banro is engaged in the exploration, development and mining of gold properties. The company holds a 100% interest in 4 gold properties, including Twangiza, Namoya, Lugushwa and Kamituga comprising 13 exploitation permits encompassing an area of approximately 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.

Banro Corp currently carries a Zacks Rank #2 (Buy). The stock has lost 76.6% of its value year to date. Shares of Banro hit a 52-week low of 12 cents on Dec 23.

However, the Zacks Consensus estimate for fiscal 2015 has moved up with one positive revision over the last 60 days. Banro is currently trading at a P/E (ttm) of 6.5x, much lower than the peer group average of 25.04x.