Detour GoldDGC.TOHOLDApr 19, 2018Stock 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).
He has been early getting into some gold stocks like this one. He is now extremely concerned about what is going to happen in the States. Gold and gold stocks are the most under owned assets of any, yet gold is a superb defense. He thinks we are getting set for a huge move in the price of bullion.