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Detour GoldDGC.TOHOLDMar 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).
Likes the gold stocks and the Junior sector. If you are going to get involved with this sector, buy 2 or 3 names, not just one. Chart shows a bottom in the latter part of 2013 and it is now trying to get above $12.20. An investigation has been launched on behalf of shareholders. If you own, he would probably stay with it, but instead of adding to it, find another name in order to diversify a bit.