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Opinions Jon Case
Argonaut GoldAR.TOTOP PICKMay 30, 2014
Jon CaseOwned
$3.70
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
Midsize gold producer in Mexico. 2 primary assets. Had a bit of recovery issue in one of their mines in the 4th quarter where it was chemically difficult to separate the gold from the ore. This resulted in lower-than-expected production, and lower than expected cash flow. That will change as we go through 2014 towards the back half of the year. Expects to see the mine moving to a better area, and production come back up. Feels the share price slide was unjustified. Fundamental value is north of $4.