The International Speculator, in its Nov. 7, 2014, issue, downgrades Rio Alto Mining Ltd. (recently $2.26) to a hold from a buy. The newsletter said buy on Aug. 6, 2014, also at $2.26. Assuming an investment of $1,000, the position is worth $990. The writer says Rio Alto is largely unchanged and holding up better than most in the current gold downturn. He believes the company's high-margin gold production at the La Arena mine in Peru, plus its growth potential, set it apart from many other aspiring juniors. Rio Alto recently acquired the nearby Shahuindo project from Sulliden Gold.
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