Detour Gold | StockChase
143
Detour Gold (DGC-T)

Last Price Recorded: $13.9100 on 2017-11-17

ON STOCKCHASE SINCE Apr 2007

precious metals

Detour Gold


Signal Opinion Expert

2017-11-09

COMMENT
Detour Gold (DGC-T)

A high-quality Canadian deposit. Had some teething problems operationally. Good exploration upside. Either the share price goes higher or they get taken over in 2018.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $13.770
Owned: Unknown

2017-07-21

WEAK BUY
Detour Gold (DGC-T)

Had a bit of the stumble about a year ago, which caused a delay in one of their mines. They seem to be getting past that now and things seem to be getting back on track. It could be a potential investment, but he wouldn’t put all his eggs in one basket.

precious metals
Michael Sprung

President, Sprung Investment Management

Price: $14.010
Owned: No

2017-07-14

COMMENT
Detour Gold (DGC-T)

The price of gold has held pretty well, but equities have given you another selloff. This one has had its own particular problems in the mining side as well as on the debt side. It should be one of Canada's greatest, because 500,000-600,000 ounces given a prospective producer, which we haven’t seen since Campbell Red Lake.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $14.050
Owned: Unknown

2017-07-05

COMMENT
Detour Gold (DGC-T)

This consists of one large mine at Detour Lake in Northern Ontario. Very, very large and very low grade. If you were incredibly bullish on gold, it would be an interesting name to own as you would get a lot of torque, and the high cost producers’ margin expansion is a lot greater as gold prices move higher. There are probably better names to own. Not only do you have the high cost issue, but you also have the single mine risk.

precious metals
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $14.530
Owned: No

2017-06-02

HOLD
Detour Gold (DGC-T)

This is positive, in the sense that it is below his model price. Most gold stocks are substantially above. Closed at $17.40, and he has a model price of $23.08, a 32% upside. He would be tempted to buy this at $14.66.

precious metals
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $17.400
Owned: Unknown

2017-04-24

COMMENT
Detour Gold (DGC-T)

Sell the ETF XGD and buy Detour Gold (DGC-T) instead? He likes Detour Gold, but if he were looking to add gold stocks at this time, he would be looking at Agnico Eagle (AEM-T), Kinross (K-T) or Yamana (YRI-T), because they are a bit cheaper. There are also probably some microcaps you could have a look at. Detour has had a great track record, so you probably would be okay owning it.

precious metals
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $16.670
Owned: No

2017-04-18

HOLD
Detour Gold (DGC-T)

Gold has done pretty well lately with its resurgence. As a sector, it is reasonably attractive now and for the next few weeks at least, if not for 6-7 weeks or more. This company is still developing the Detour mines, so you are looking at 3 or 4 years of substandard cash flows. Doesn’t see any reason why you need to be here.

precious metals
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $17.940
Owned: Unknown

2017-03-30

DON'T BUY
Detour Gold (DGC-T)

Apart from the gold price, they have postponed mining of a new ore body.  Everyone is questioning where production growth is going to come from.  If it gets cheap enough it could be a potential takeover.

precious metals
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $15.000
Owned: Unknown

2017-03-09

COMMENT
Detour Gold (DGC-T)

They own the largest gold deposit in Canada with about 15 million ounces and a 20-year mine life. He thinks this is a subject of a buyout, and if you are patient, you could profit from that.

precious metals
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $14.740
Owned: No

2017-03-08

PARTIAL SELL
Detour Gold (DGC-T)

This is seen as a higher cost gold producer. Chart shows it has dropped from almost $36, and is in danger of testing a big band of congestion area at around $10. If $10 is too much of a pain, then sell your holdings here, or at least sell half.

precious metals
William Chin

Portfolio manager, Caldwell Investment Management

Price: $14.870
Owned: Unknown

2017-03-07

COMMENT
Detour Gold (DGC-T)

Has a huge mine in Ontario and is perennially seen as being a takeover candidate. They wanted to permit the West Detour zone, but the permitting process is going slower than expected. There are some loans coming due this year, so they will have to do some financing. Once they get through that, this is a decent producer. One thing to keep an eye on is the new Life of Mine plan (LOM). Overall, this is a cheap stock. As a takeover candidate, it would be a sizable acquisition of possibly $3 billion.

precious metals
Robert Cohen B.A.Sc., MBA, CFA

Vice President & Portfolio Manager, Dynamic Funds

Price: $14.980
Owned: Yes

2017-03-06

BUY
Detour Gold (DGC-T)

He likes the story for what they accomplished.  They rethought skinny veins as an open pit project. 

precious metals
John Kaiser

Founder, Kaiser Research Online

Price: $15.010
Owned: Unknown

2017-02-07

PAST TOP PICK
Detour Gold (DGC-T)

(A Top Pick Nov 11/16. Down 0.77%.) (BNN showed June 27/16! – Bill.) This was quite topical in that it was the day after the election and their Corona brand comes out of Mexico. The company has gone sideways after having a good year. People still don’t know what the actual border adjustment tax is going to be. In the meantime, the company is sitting on a stable of great brands. A well-run company. Still a Buy.

precious metals
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $20.050
Owned: Yes

2017-02-01

COMMENT
Detour Gold (DGC-T)

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.

precious metals
Michael Sprung

President, Sprung Investment Management

Price: $17.200
Owned: Unknown

2017-01-30

COMMENT
Detour Gold (DGC-T)

Expects that gold and this company will see a recovery for a little while. There is some uncertainty about the market direction right now. In his view, the road ahead is higher, but bumpy. Gold has a small place in your portfolio as a bit of a hedge.

precious metals
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $15.800
Owned: Unknown

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