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Detour GoldDGC.TOHOLDMar 13, 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).
The gold sector looks strong, outperforming the market and above its 20 day moving average. This stock shows a base building pattern and has established an upward trend. There is minor resistance at around $12.20 but he wouldn’t be too concerned about that. This has a technical score of 3. Gold stocks tend to take a bit of a rest between now and July each year.