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Opinions Bruce Campbell (1)
Argonaut GoldAR.TOBUYMay 02, 2014
Bruce Campbell (1)Owned
$4.02
Stock price when the opinion was issued
$0.52
As of Jul 16, 2024. Market Open.
Mining
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HOLD
BUY ON WEAKNESS
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
Stockchase InsightsUnknown
Mining
BUY
Likes it. $3.25 target, a buy. Great project. Really likes the US. It's going to be one of the best mining jurisdictions. The light hasn't come on with US investors yet, but when it does, US money is going to chase these, and anything in the US will do well.
Jaime CarrascoOwned
Mining
HOLD
Room to run? Gold stocks in general remain skeptical on the price of gold and so too is the earnings outlooks for gold stocks. Gold is under owned in professional portfolios in his opinion. There is a long way for all gold share prices to rise as demand for gold will eventually rise and this will also lead to higher multiple valuations in the future.
Mining
This is his only gold holding and is only a 1% holding in clients’ portfolios. Lost a court case recently on one of their Mexican mines. Still thinks they are going to get it, but it is a 6-9 month delay. That impacted the stock a little. Not hugely positive on gold, but wants to have a little bit of insurance. There is a fair amount of production growth coming over the next 3-4 years at costs of around $700 an ounce. That is still attractive.