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Bruce Campbell (1)Argonaut GoldAR.TOTOP PICKJul 21, 2014

Started to buy this again recently. Just reported production, which was about a 7% miss, so the stock has pulled back. Currently trading $0.65 from its NAV. There is production growth coming. This was just a quarter that got pushed into the back half of the year, so they kept guidance the same. Thinks it is easy for this to go to $5 again. This is a seasonally strong period for gold (and silver), so he thinks there is at least a trade in this. Low cost producer at about $700 an ounce.

Bruce Campbell (1)

Owned

Unlock Rating

$4.18

Stock price when the opinion was issued

$0.52

As of Jul 16, 2024. Market Open.

Mining

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HOLD

Expecting company to be bought. Would recommend holding.

DON'T BUY

Gold is supposed to be the inflation hedge, but that hasn't happened. He owns no gold, because it pays no yield. Gold is a personal preference. Owning a little is fine, but in bars to be stored in a bank. Don't buy the funds, because you must pay a fee.

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

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.

BUY

A takeover candidate Yes, it's possible, but also for a lot of these companies. He has a $4.25 target. He likes AR's recent drill results, showing good grades. Growth is coming from exploration and production. A fine company. AR could even acquire other companies.

BUY

He thinks the price of the sector in general will go higher. Buy right and sit tight. This company will be on the acquisition trail. They have made recent acquisitions for stakes in other companies. Good management team. (Analysts’ price target is $4.25)

BUY ON WEAKNESS

Up 9% today, it's worth a look back at $2.50 or 2.60.

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.

BUY

Building a mine is not easy. Has really good projects. Price target of $3.50. If you own it, not a bad place to add more. Will move on higher gold prices, and will start to shine quite nicely this year.

BUY

The share price is rising with higher gold prices. They are adding production in Ontario to expand their holdings beyond Mexico. He likes the management team, but has not come back to buying them yet. If you like gold, the stock is pretty cheap here.

BUY

Likes it for its leverage. Has a $4 target on it. It has a few issues, but will take off at some point.

BUY

He likes the junior golds which have suffered a setback deeper than the price of gold. Now, there's disbelief and early volatility in this space with investors bailing. Buy now.

BUY

He likes it. Has a $3 target. They have higher costs of production, though, but eventually they'll do down. He'd need to sell another stock to buy this.

WATCH

A junior producer in the Americas, within Mexico. A higher cost producer than most that he owns. There are concerns over an Ontario investment they are considering that would require several hundred million dollar capex. It has great NAV leverage to gold price increases.

BUY

He loves the gold bugs. He's getting more interest in the smaller gold companies recently. AR-T hasn't hit $2 in a while, but it has momentum as the price of gold keeps rising.

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Bruce Campbell (1)Argonaut GoldAR.TOTOP PICKJul 21, 2014

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