50% off Premium Yearly
Detour GoldDGC.TOCOMMENTNov 12, 2015Stock 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).
Thinks this belongs in Canadian gold portfolios and is a company that has been effectively de-risked. Fully priced, but the Canadian gold stock market will be higher in 18 months. This will be a participant.