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Detour GoldDGC.TOCOMMENTJul 31, 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).
This is the seasonal strength for gold, and looks lined up for a seasonal move. The 15 and 20 day are pointing higher, which implies a short and intermediate trend which is a good setup for the seasonal trade ahead.