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Opinions Bruce Campbell (1)
Argonaut GoldAR.TOCOMMENTSep 14, 2015
$1.17
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
Had a miss in a quarter which was weather related about a year ago. The stock is cheap, but it has never really recovered. Their cash costs are around $750 an ounce and they’re all in costs are around $1000-$1050. The balance sheet is fine, but they have to spend money on the growth. It is trading something like $0.40 on the dollar on asset value, so it is stupidly cheap. You should probably do something senior 1st, and once that has moved, then you could go and look at this one.