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Detour GoldDGC.TOCOMMENTFeb 01, 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).
One of the more promising junior/intermediate gold producers. Recently had a sort of mixed quarter and announced a bit of a setback with the development of one of their projects and whether or not they would get the permitting to develop it within the timeframe they had set. He thinks that is just a temporary phenomenon. This looks like it really has a good future.