Argonaut Gold (AR.TO) Buy, Sell or Hold

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Argonaut Gold (AR.TO)

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0.52

+0.02 (4.00%)

as of Jul 16, 2024, 8:00:01 pm Market Open.

65 watching

PARTIAL BUY

Should we wait before stepping into this one? His advice is if you like it, buy some of it now and then wait. If it drops more, you could take advantage of lower prices. His company has a $12 target and an outperform rating on it.

HOLD

(Market Call Minute.) Has a small position in this. Just made an acquisition. Great team but not the cheapest one out there.

BUY

Recently acquired Prodigy Gold. Also, have some warrants that are closing December 31. Have properties in Mexico as well. Looking at production of about 100,000 ounces with the potential to grow it to twice that.

BUY

One of his favourite names in the gold sector. Have under promised and over delivered. Feels the sector could have a 30% run over the next year and if so, this one would outperform that.

COMMENT

Has recovered better than a lot of gold stocks. Has just acquired Prodigy in Ontario. Very good asset.

STRONG BUY

Just announced a great record quarter and upped their guidance. 2012 will be 102,000 ounces instead of 87000. 2013 is going to be 130,000 and 2014 will be 240,000. Will be acquiring Prodigy (PDG-X), which is in northern Ontario. Paid $55 an ounce, which is cheap and this will double their production in 2016. In 4 years, it will be 5X the size it is now.

BUY

Gold producer out of Mexico. This one has moved nicely along with the price of gold but given his positive outlook on gold and this company’s expertise in getting mines up and running, he could see this one into the low teens in 2013.

HOLD

It is a play on central banks printing more money. Gold should continue to perform well. He has trimmed his position, however. Don't put a lot of new money into it.

BUY ON WEAKNESS

Doesn't know the company to speak of the fundamentals. You have to look at the sector long term. If they have something very strong here then you sit here and buy on dips up to no more than 10% of portfolio.

PAST TOP PICK

(A Top Pick Aug 15/11. Up 34.83%.) Was still buying at $7.70-$7.80. Can see it at $10.50-$11 a year out.

BUY

Good management. Starting from scratch with small assets. Have a couple properties in Mexico, which is one of the better jurisdictions. Producing just under 100,000 ounces this year and should go up to about 120,000 next year. One of the more expensive stocks on a PE, Price to Cash Flow that some of the other companies.

BUY ON WEAKNESS

This is one of his largest gold positions. Has tremendous production growth as well as some good exploration upside. He’ll buy more on pullbacks as long as his views on the sector remain positive.

PAST TOP PICK

(A Top Pick Feb 16/11. Up 87.03%.) Just reported production of 72,000 ounces, a little above his expectations. If the gold price cooperates and has a little bit of a run, he could see this going to $11-$12.

COMMENT

Sold his holdings when it moved up so fast. Extremely well run company. Trusts and respects management. Reasonably good assets.

HOLD

Take profits and buy back on a pullback or hold? Getting a little bit of overhead resistance around $10. On a seasonal basis, it is probably peaking out right now. Short-term indicators are still positive.

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Argonaut Gold (AR.TO)