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TSE:G

Augusta Gold (G.TO)

1.69
-0.00 (0.00%)
as of Oct 24, 2025, 7:14:06 pm Market Open.
150 watching
0
WAIT
Challenging to see gold move higher, when the equities don't follow. If you're going to be in gold, you want one of the leadership names in terms of relative strength like Kirkland Lake, Agnico Eagle, and Barrick. Time to be in a laggard is when you see gold bullion on a bull run.
COMMENT
The chart isn't wonderful. Gold, the commodity, has been picking up. Gold itself looks like a reasonable short-term trade. The producers don't always follow the commodity, and Goldcorp is a good example. It has lower highs, and lower lows. It could be a short-term trade, but he wouldn't expect anything more.
COMMENT
The price of gold is in a bear market. It looks like it is bottoming out. Gold stocks have only gone down 7% while gold had gone down 20%. G-T has the opportunity for a turnaround. They own 10 years of growth prospects going into the next decade. They are a low cost producer. This quarter could be a turning point.
COMMENT
Usually in rough markets, there's a flight to gold, but that's not happening now. Goldcorp is one of the few in this sector he owns. It's a lower-cost producer with future growth. He holds only 3% gold.
TOP PICK
The balance sheet of America is really grim, and Trump isn't helping it. The country can't afford another tax cut. (Europe and Japan are in the same mess.) So, it's a good time to accumulate gold stocks. Goldcorp got hammered when they reported earnings recently. They should have released their bad news weeks ago to prevent a sharp sell-off. They had some overburden issues and their earnings have bounced back. It's now cheap. (Analysts’ price target is $18.08)
TOP PICK

He thinks the US will continue to create inflationary pressure, which will be good for gold. He likes their cheap valuation at these levels. Yield 0.8%. (Analysts’ price target is $20.44)

SELL

For three years, he's been saying gold will go nowhere, and he's been right. Goldcorp, like a lot of gold stocks, keeps trending down. Gold seasonality is soon ending, and nothing's really happened to gold.

COMMENT

He does not own gold stocks right now. The whole space has been under pressure. If you want to own one, this is it. There really is not a lot of inflation out there and that combined with the US$ strength has been negative for the sector.

DON'T BUY

They have great mines and a good track record over the years. Having gold as part of a portfolio today doesn’t make as much sense. Goldcorp has some of the best assets. If bullish on gold, then this company is a great place to be. If interest rates go higher, and capital goes to bonds, and US dollar goes higher, why gold? He does not have gold in his portfolio.

DON'T BUY

Gold is under pressure and the stocks have slid. Valuations are high. Gold is a nice hedge, but he would own only 3-5% gold in a portfolio. Gold is volatile.

COMMENT

All gold stocks now are forging a short-term low. This stock's low of late-2017 (same as today's price) is a key resistance level. When gold stocks find their floor, they will be nicely set up for a rally.

TOP PICK

Selling at discount to book value, good balance sheet, and this is the way into gold. (0.7% dividend yield) (Analysts' price target: $22.13 )

COMMENT

He likes it. Has a $23 target. He prefers gold companies with better leverage like Agnico (he's appreciated better). Still, Goldcorp is solid.

DON'T BUY

He has been underweight gold for some time as gold prices hang out near $1200 per ounce. You can probably find better investments elsewhere.

BUY

Their productions beat but their sales didn’t, and the market got disappointed. If you believe in gold this is a good name to own. He likes the efficiencies they gained. (Analysts’ price target is $22.00)