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Detour GoldDGC.TOWAITMar 17, 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).
Quality company but the problem is the sector. We made a double bottom pattern in gold. Thinks there is one more shaking out in the gold sector to come, plus you need inflation for gold to take off. This one would be a great way to play it then.