BOCA RATON, FL--(Marketwire - Jun 28, 2012) - Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, reports that Grass Roots Research (GRRD) Wall Streets leading independent micro-cap research firm announced that it has initiated coverage of AGCZ (PINKSHEETS: AGCZ) with a BUY recommendation and a 12 month price target of $0.083 per share. GRRD provides an in-depth analysis, including 5 year financial and evaluation projections, on AGCZ's plan and its significant growth drivers. Acopy of the report is available for download at http://www.grassrootsrd.com.
An excerpt from the GRRD report states, "With AGCZ's impeccable mining operations, a strong market opportunity for increased production with current significant reserves makes the junior miner a company with considerable upside for AGCZ stock. We are initiating coverage with a BUY rating."
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Grass Roots research and Distribution Inc (GRRD) is Wall Street's leading independent micro-cap research firm, concentrating on emerging companies with strong management teams focusing on shareholder value and sustainable competitive advantage. GRRD led by renowned security analyst D. Paul Cohen, highlights the Company's (AGCZ) market opportunity, technology, management, competition and other key differentiators that may affect their long and short term evaluation. GRRD focuses on those public companies that lack or have minimal Wall Street research analyst coverage. GRRD research reports are commissioned and paid for by the company covered or by third parties. For more information visit www.grassrootsrd.com
Grass Roots Disclaimer states: "This report/release is for informational purposes only. Information contained herein is based on public information. GRRD complies with securities laws, regulations and ethical standards as related to our legal and compliance requirements. Our firm is not a member of any association for other research providers. GRRD is not a registered investment adviser. Do your own research." To assess the complete disclosure and disclaimer download a copy of the AGCZ report at www.grassrootsrd.com
AGCZ is a producing gold operation with an aggressive plan to expand its mining operations and increase reserves. Unlike other mining stocks, AGCZ has producing mines and operating mills and is 3 to 5 years ahead of other junior mining companies and other common gold exploration stocks. AGCZ has proven extensively that its operators can not only find gold, but can bring it on production using its on site and fully owned mills. AGCZ increasing reserves and expanding operations makes the Company an undervalued play. For more information, please contact the company at (561) 210 8496 or www.andesgoldmine.com or investors can find real-time quotes and market information for the Company on www.otcmarkets.com.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, occurrences of which involve risks and uncertainties. These forward-looking statements may be impacted either positively or negatively by various factors, Information concerning potential factors that could affect the company are detailed from time to time in the Company's reports filed with regulatory bodies