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Detour GoldDGC.TOWATCHDec 16, 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).
We are at the ’09 levels and now they are starting to produce. If they turn around maybe it would be interesting. Doesn’t know about the management and the replacement of the CEO.