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

Argonaut Gold (AR.TO)

0.52

+0.02 (4.00%)

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

65 watching

PAST TOP PICK

(A Top Pick Feb 16/11. Up 83.08%.) Well-managed. 3 mines in Mexico so there is no political risk. They just keep having huge production increases.

PAST TOP PICK

(A Top Pick Jan 6/11. Up 59.34%.) There is still more growth to come. Doubled production from 30,000 to 70,000 ounces in 2011 and thinks it goes to 100,000 or so this year and 200,000 by 2014. Expecting it to see $9.50-$10 this year.

WAIT

Gold stocks will have to lead commodities back up but sees no evidence that it has started. We might see QE3 out of the fed but only in about 6-9 months.

PAST TOP PICK

(A Top Pick Nov 12/10. Up 87.14%.) Gold in Mexico. Doubling production this year and probably take a couple of more years to double it again. 1 year target of about $10. Well managed.

BUY

One of his larger holdings. Mid-tear gold producer in Mexico. Good management. Recently acquired Pediment Exploration, which will allow them to double their production in 2013-2014.

TOP PICK

Just reported good earnings. Three gold mines in Mexico. One is producing and had 35,000 ounces last year going up to 70,000 – 75,000 this year then 115,000 and than 155,000.

BUY

Very credible management. Got into a Mexican operation, which they improved on greatly by lowering costs. They are looking for more projects to grow.

BUY

52 week high today. Still his favourite gold. Is at a discount to its breakup value of $7.50. If gold goes higher, his target will have to go higher. Is a growth company, which is good if gold goes down.

BUY

He used to have it as a top pick. His year-end target is $7. Are going to double production this year and again next. Just reported new reserves yesterday and increased asset value by $.50 by his calculation, so NAV is about $7.50. This kind of a small cap stock is slow to react to good news. Cheapest by net asset value gold stock he can find that is also a producer.

COMMENT

Doesn’t know its financial statement so can’t give any insight into it. Obviously is pegged to the price of gold. He only owns one gold company, Richmont Mines (RIC-T).

BUY

It is the smallest market cap by far. It is not that liquid. When people pile into gold stocks, they go with the more liquid ones. He bought it for 1 to 3 year time horizon.

BUY

Good way to play the price of gold. Pretty nice production profile.

BUY ON WEAKNESS

Met with CEO recently and came away more positive than ever. In Mexico. You would have a possible double here.

TOP PICK

Cheapest gold producer he can find at under $500. 2 producing mines. $7 by year-end. Just raised their guidance to 70,000 ounces. Looking at 50% production growth per year.

BUY

Very low cost. Merging with Pediment Gold (PEZ-T), which will be quite constructive for them as it will increase their production profile going out 2013-2014.

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