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Detour GoldDGC.TOBUYJun 06, 2013Stock 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).
The whole gold sector was smashed late April and has kind of rebuilt itself. This one had built a small base and then went up. If it can get above $12.25-$13, there is not a lot of resistance until we get up to about $20. This would be a reasonable entry point and $11.50 would be a good place to put a Stop.