Opinions
Jon Case
Argonaut Gold
AR-T
HOLD
Mar 05, 2018
$2.440
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
You are getting fair value here. A mine they have been investing in is just coming on line. It is not overwhelming free cash flow. To break out of this range they need to take some action on their undeveloped asset.