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Detour GoldDGC.TOCOMMENTFeb 18, 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).
All the articles were very negative a month or so ago but since then has really pushed upwards. This is on his Watch List but he’s not looking at it really closely right now. (See Top Picks.)