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China Gerui Advanced Materials Group Ltd. (CHOP) [hlAlert]

down 96.58 %

China Gerui Advanced Materials Group Ltd. (CHOP) rated Outperform with price target $6 by Oppenheimer

Posted on: Friday,  Nov 18, 2011  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform China Gerui Advanced Materials Group Ltd. (NASDAQ: CHOP) on 11/18/2011, when the stock price was $37.50.
Since then, China Gerui Advanced Materials Group Ltd. has lost 96.59% as of 08/27/2015's recent price of $1.28.
If you would have followed this Oppenheimer's recommendation on CHOP, you would have lost 96.58% of your investment in 1378 days.

China Gerui Advanced Materials Group Limited engages in the manufacture and sale of cold-rolled narrow strip steel products in the People's Republic of China. The company converts steel manufactured by third parties into thin steel sheets and strips. It sells its products directly to its customers in a range of industries, including food packaging, telecommunication, electrical appliance, and construction materials industries. The company was formerly known as Golden Green Enterprises Limited and changed its name to China Gerui Advanced Materials Group Limited in December 2009. China Gerui Advanced Materials Group Limited is based in Zhengzhou, China.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2011 8:25 AM Buy
37.50 60.00
as of 12/30/2011
1 Week down  -0.29 %
1 Month down  -11.84 %
3 Months down  -10.66 %
1 YTD down  -10.66 %

(*) Stock Price at the time of the recommendation.
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