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Argonaut GoldAR.TOCOMMENTMar 12, 2014Stock price when the opinion was issued
As of Jul 16, 2024. Market Open.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The $45M bought deal adds to the current cash of $173M. The cash needs are close to the cash position. The mine has reported an okay technical report. Would like to see the IRR higher than 19% however. Removal of financial uncertainty will be good for the stock. The sector has been doing somewhat better. Unlock Premium - Try 5i Free
His only gold holding. Has lagged ever so slightly. Still one of the few ones that is going to have free cash flow down to $1000. It may never get that low. You want production growth and free cash flow at lower prices and this company has that. Had a tiny stumble at one of the mines in Mexico, which caused the 4th quarter to be under by $.02-$.03. It is getting fixed and he thinks the next quarter coming out will be good. Still buying.