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Detour GoldDGC.TOCOMMENTJan 04, 2017Stock 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: $20.44).
A big, 1 mine asset in Canada. It’s had a few production problems, which is what slowed the stock down over the past year. There are very few places where you can go and buy a mine that will produce hundreds of thousands of ounces every year in a jurisdiction like Canada. The lower Cdn$ helps as well. Thinks it will get taken over.