Opinions
Brooke Thackray
Argonaut Gold
AR-T
COMMENT
Sep 16, 2015
$1.290
Stock price when the opinion was issued
Mining
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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
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
Mining
Like all gold stocks, this has been absolutely pummeled. Gold stocks are very undervalued relative to gold bullion. This stock is in a base pattern. From a seasonal perspective, we are coming up to the end of the gold period for stocks, September 25. Gold and gold stocks have a historic pattern of underperforming in October.