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Opinions Jeff Parent B. Eng. FCSI CIM
Augusta GoldG.TOBUYAug 31, 2012
$40.47
Stock price when the opinion was issued
$1.69
As of Oct 24, 2025. Market Open.
precious metals
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PAST TOP PICK
(A Top Pick Oct 12/18, Up 2%) He still likes gold, Newmont (which acquired G-T) and Goldcorp.
Ross HealyOwned
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PAST TOP PICK
(A Top Pick Aug 20/18, Up 2%) This merged with another company and was taken out. He still likes the gold space. Central Banks are beginning to run on fumes and have no idea what problems they are causing for investors down the road. Gold is good in deflationary times and even better in inflationary times -- it doesn't do well in between.
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PAST TOP PICK
(A Top Pick Oct 12/18, Up 2%) Acquired by Newmont. Return is up, either way.
Ross HealyOwned
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DON'T BUY
He's never really owned Goldcorp, Newmont and Barrick. The share appreciation would come better from an Agnico Eagle or Kirkland Lake which have growing reserves, great management and low production costs. He stays away from companies like Goldcorp or Barrick or Newmont. In fact, Aginco has outperformed Goldcorp and will be self-sufficient by 2023. It pays a good dividend and they continue to grow overall.
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BUY
Big relationship to US dollar, so dollar strength means gold weakness. Gold gets seasonally weak right now. May go sideways for a while. If it breaks the downtrend, it can accelerate pretty quickly. Second seasonality is in the summer, but could happen earlier. Timely to buy right now, and wait for the next shot up.
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COMMENT
If Barrick buys Newmont and Goldcorp walks away with $630 million because the Newmont-Goldcorp deal (of last month) doesn't actually go through. Can GT shareholders kick the GT board out--the board who gets a hefty package, but not the shareholders? He can't comment on this though many are asking this question. About this deal, we haven't seen gold M&A deals for a while. From Barrick's point of view, this is an obvious plus. Many are surprised that this is the deal.
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PAST TOP PICK
(A Top Pick Jan 23/18, Down 26%) Disappointed in the recent deal, because of a low premium. It was nearing the point of positive free cash flow.
Michael SprungOwned
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Looks very interesting. There is a breakdown below the $44 level down to $33 and it is recovering now. If it can get up to the $43-$44 level and sustain itself, you’ll make about $3-$4. These are great trading stocks. You try to make a couple of dollars on each of their little moves. Create a new trading range at these lower levels. You can buy it today and if it breaks through about $43 it is probably good for another couple of dollars and then hang onto it. If it hits $36, you have to exit.