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Detour GoldDGC.TOCOMMENTFeb 12, 2014Stock 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).
Chart shows this has had a huge run since the beginning of the year, in a period of time when gold is really getting rolling. Has outperformed gold and the market. In an upward trend and trading above its 20 day moving average. However, there is some resistance at around $12. Normally gold stocks do well until into March.