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Detour GoldDGC.TOWAITJul 30, 2012Stock price when the opinion was issued
As of Feb 04, 2020. Market Open.
It is a higher cost asset. It is more volatile. They have a cash flow profile that will drop in a couple of years. The stock is off while investors plan to come back to it in a couple of years. You are buying it for the cost of the infrastructure. He would prefer to hold it for two years. (Analysts’ target: $20.44).
Done a good job. Are going to start to go into production. You have to be prepared when someone is going into production; there could be a hiccup. Still likes the story but be cautious when they are about to go into production. He would wait until they do to buy.