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Detour GoldDGC.TOCOMMENTAug 11, 2016Stock 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).
A large Canadian deposit that is doing very well. Although a very big discovery, they are still having great exploration results. Those come with grade and they will still be produced early in the mine plan. If you think gold is going higher, which he does, this is a premium name at a premium price in a premium country.