Detour Gold

DGC-T

TSE:DGC

24.50
0.30 (1.24%)
Detour Gold Corp. is a Canadian intermediate gold mining company with a primary focus on the successful ramp up of its flagship asset - the Detour Lake Mine, located in the mining-friendly territory of northeastern Ontario.
More at Wikipedia

Analysis and Opinions about DGC-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 20, 2020

They are in the process of being taken over by KL-T. The chart for DGC-T looks fairly bullish otherwise. He would buy it here unless you thought another buyer would come along.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 20, 2020

They are in the process of being taken over by KL-T. The chart for DGC-T looks fairly bullish otherwise. He would buy it here unless you thought another buyer would come along.

PAST TOP PICK
PAST TOP PICK
August 6, 2019
(A Top Pick Jun 22/18, Up 112%) He bought it cheap, underloved, a great time to buy. The big players are buying this like Hank Paulson.
Show full opinionHide full opinion
Detour Gold (DGC-T)
August 6, 2019
(A Top Pick Jun 22/18, Up 112%) He bought it cheap, underloved, a great time to buy. The big players are buying this like Hank Paulson.
PAST TOP PICK
PAST TOP PICK
June 4, 2019
(A Top Pick Aug 14/18, Up 20%) In a stealth way, serious money is coming into the sector. Low cost producer in Canada. Solid assets with big reserves on the ground.
Show full opinionHide full opinion
Detour Gold (DGC-T)
June 4, 2019
(A Top Pick Aug 14/18, Up 20%) In a stealth way, serious money is coming into the sector. Low cost producer in Canada. Solid assets with big reserves on the ground.
COMMENT
COMMENT
April 16, 2019
Loves it and is a major holding for him. Money is starting to flow into the gold sector again.
Show full opinionHide full opinion
Detour Gold (DGC-T)
April 16, 2019
Loves it and is a major holding for him. Money is starting to flow into the gold sector again.
PAST TOP PICK
PAST TOP PICK
March 4, 2019
(A Top Pick Mar 05/18, Up 3%) They announced last year that they were having difficulty getting productivity levels in the moving of materials. There was a change in management and some of the board. The cash flow and grade keeps going up and up.
Show full opinionHide full opinion
Detour Gold (DGC-T)
March 4, 2019
(A Top Pick Mar 05/18, Up 3%) They announced last year that they were having difficulty getting productivity levels in the moving of materials. There was a change in management and some of the board. The cash flow and grade keeps going up and up.
BUY
BUY
November 6, 2018
Recently bought it. They used to disappoint alot and have a hostile proxy fight with shareholders. It's a large, Canadian deposit. He believes they will solve their exploration problem. There's a lot of exploration upside.
Show full opinionHide full opinion
Detour Gold (DGC-T)
November 6, 2018
Recently bought it. They used to disappoint alot and have a hostile proxy fight with shareholders. It's a large, Canadian deposit. He believes they will solve their exploration problem. There's a lot of exploration upside.
WEAK BUY
WEAK BUY
August 28, 2018

Had a big pop in 2016. The head and shoulders chart is now gone. This stock and gold are beat down. That said, it's cheap now. Buy or hold.

Show full opinionHide full opinion
Detour Gold (DGC-T)
August 28, 2018

Had a big pop in 2016. The head and shoulders chart is now gone. This stock and gold are beat down. That said, it's cheap now. Buy or hold.

PAST TOP PICK
PAST TOP PICK
August 14, 2018

(Past Top Pick, June 22, 2018, Up 1%) It took a dive after earnings (and reducing costs), then recovered after management said it would restructure the company. Solid company, and he even added to his holdings.

Show full opinionHide full opinion
Detour Gold (DGC-T)
August 14, 2018

(Past Top Pick, June 22, 2018, Up 1%) It took a dive after earnings (and reducing costs), then recovered after management said it would restructure the company. Solid company, and he even added to his holdings.

TOP PICK
TOP PICK
June 22, 2018

They just a big correction for no reason. Their last earnings report said they had good earnings and really lowered costs. They have outperformed and management has executed well. It's a great entry point now. (Analysts' price target: $16.29)

Show full opinionHide full opinion
Detour Gold (DGC-T)
June 22, 2018

They just a big correction for no reason. Their last earnings report said they had good earnings and really lowered costs. They have outperformed and management has executed well. It's a great entry point now. (Analysts' price target: $16.29)

DON'T BUY
DON'T BUY
May 2, 2018

Costs are going up and revenues are going down. They have done many stock issues and not rewarded their investors. When production forecasts fall short of expectations investors will go elsewhere.

Show full opinionHide full opinion

Costs are going up and revenues are going down. They have done many stock issues and not rewarded their investors. When production forecasts fall short of expectations investors will go elsewhere.

HOLD
HOLD
April 19, 2018

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
April 19, 2018

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.

DON'T BUY
DON'T BUY
March 6, 2018

Huge mine in Ontario. They have come down a great deal. They have a tremendous amount of debt. The balance sheet is not great.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 6, 2018

Huge mine in Ontario. They have come down a great deal. They have a tremendous amount of debt. The balance sheet is not great.

TOP PICK
TOP PICK
March 5, 2018

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).

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 5, 2018

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).

BUY
BUY
March 5, 2018

One of the cornerstones of a Canadian gold portfolio. This stock will rise or get taken over.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 5, 2018

One of the cornerstones of a Canadian gold portfolio. This stock will rise or get taken over.

COMMENT
COMMENT
November 9, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
November 9, 2017

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.

Rick Rule

Unlock Ratings

Price
$13.770
Owned
Unknown
WEAK BUY
WEAK BUY
July 21, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
July 21, 2017

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.

COMMENT
COMMENT
July 14, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
July 14, 2017

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.

COMMENT
COMMENT
July 5, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
July 5, 2017

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.

HOLD
HOLD
June 2, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
June 2, 2017

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.

COMMENT
COMMENT
April 24, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
April 24, 2017

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.

HOLD
HOLD
April 18, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
April 18, 2017

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.

DON'T BUY
DON'T BUY
March 30, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 30, 2017

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.

COMMENT
COMMENT
March 9, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 9, 2017

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.

PARTIAL SELL
PARTIAL SELL
March 8, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 8, 2017

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.

COMMENT
COMMENT
March 7, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 7, 2017

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.

BUY
BUY
March 6, 2017

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

Show full opinionHide full opinion
Detour Gold (DGC-T)
March 6, 2017

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

PAST TOP PICK
PAST TOP PICK
February 7, 2017

(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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
February 7, 2017

(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.

COMMENT
COMMENT
February 1, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
February 1, 2017

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.

COMMENT
COMMENT
January 30, 2017

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.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 30, 2017

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.

BUY
BUY
January 20, 2017

Gold has 2 periods of seasonal strength. We have just entered one during the last couple of weeks. Historically it does very well from around the 2nd week in December right through until approximately the 1st week in March. Currently it is forming a nice little base and is starting to pick up. Looks like a good trade for the next couple of months.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 20, 2017

Gold has 2 periods of seasonal strength. We have just entered one during the last couple of weeks. Historically it does very well from around the 2nd week in December right through until approximately the 1st week in March. Currently it is forming a nice little base and is starting to pick up. Looks like a good trade for the next couple of months.

COMMENT
COMMENT
January 11, 2017

Gold can be tail risk insurance in a portfolio in the event of financial calamity, currency debasement or rampant inflation. Sometimes an effective way to put on that positioning in the portfolio is through the producers. His view is less constructive on gold as a commodity at the moment. This has a large-scale open pit mine in Northern Ontario, and a long mine life. With the US$ being very strong and the Fed likely increasing interest rates, that would colour his view on holding this name.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 11, 2017

Gold can be tail risk insurance in a portfolio in the event of financial calamity, currency debasement or rampant inflation. Sometimes an effective way to put on that positioning in the portfolio is through the producers. His view is less constructive on gold as a commodity at the moment. This has a large-scale open pit mine in Northern Ontario, and a long mine life. With the US$ being very strong and the Fed likely increasing interest rates, that would colour his view on holding this name.

COMMENT
COMMENT
January 6, 2017

He has liked this company for a while. It had a really long period of building up the company with no cash flow, no cash flow, no cash flow. Then, a couple of years ago, all of a sudden it started accumulating a decent ROC. It is just starting to go cash flow positive, in general that is a great time to be an investor, because a lot of the risk has been taken out.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 6, 2017

He has liked this company for a while. It had a really long period of building up the company with no cash flow, no cash flow, no cash flow. Then, a couple of years ago, all of a sudden it started accumulating a decent ROC. It is just starting to go cash flow positive, in general that is a great time to be an investor, because a lot of the risk has been taken out.

COMMENT
COMMENT
January 4, 2017

A big, 1 mine asset in Canada. It’s had a few production problems, which is what slowed the stock down over the past year. There are very few places where you can go and buy a mine that will produce hundreds of thousands of ounces every year in a jurisdiction like Canada. The lower Cdn$ helps as well. Thinks it will get taken over.

Show full opinionHide full opinion
Detour Gold (DGC-T)
January 4, 2017

A big, 1 mine asset in Canada. It’s had a few production problems, which is what slowed the stock down over the past year. There are very few places where you can go and buy a mine that will produce hundreds of thousands of ounces every year in a jurisdiction like Canada. The lower Cdn$ helps as well. Thinks it will get taken over.

TOP PICK
TOP PICK
December 23, 2016

This came under additional pressure, because the West Detour looks like there was some delays and costs coming a little higher than initially expected. This is still going to come on, just a little later than expected. The drawdown on the stock is more than offset. The balance sheet is in good shape. Good cash flow generation. Long lifeline. This will make a great take out candidate for one of the larger players at some point. (Analysts’ price target is $28.76.)

Show full opinionHide full opinion
Detour Gold (DGC-T)
December 23, 2016

This came under additional pressure, because the West Detour looks like there was some delays and costs coming a little higher than initially expected. This is still going to come on, just a little later than expected. The drawdown on the stock is more than offset. The balance sheet is in good shape. Good cash flow generation. Long lifeline. This will make a great take out candidate for one of the larger players at some point. (Analysts’ price target is $28.76.)

DON'T BUY
DON'T BUY
November 9, 2016

There are better places to go for gold exposure. It is going to be in the penalty box for a while as they just lowered their 2017 guidance. He owns FNV-T, but is not that positive on the sector.

Show full opinionHide full opinion
Detour Gold (DGC-T)
November 9, 2016

There are better places to go for gold exposure. It is going to be in the penalty box for a while as they just lowered their 2017 guidance. He owns FNV-T, but is not that positive on the sector.

COMMENT
COMMENT
November 4, 2016

Came out with a disappointing quarter, and in that quarter they talked down “Street guidance” over the coming year. Things are being pushed farther out into the future. In growth stories like this, something like this is a set back, and the stock is going to take a bit of a pause. This is just a delay, not anything to get really concerned about.

Show full opinionHide full opinion
Detour Gold (DGC-T)
November 4, 2016

Came out with a disappointing quarter, and in that quarter they talked down “Street guidance” over the coming year. Things are being pushed farther out into the future. In growth stories like this, something like this is a set back, and the stock is going to take a bit of a pause. This is just a delay, not anything to get really concerned about.

DON'T BUY
DON'T BUY
November 3, 2016

He would not buy it at today’s price. It has poor price momentum and the valuation is not good. Debt is not a massive problem, but they keep missing.

Show full opinionHide full opinion
Detour Gold (DGC-T)
November 3, 2016

He would not buy it at today’s price. It has poor price momentum and the valuation is not good. Debt is not a massive problem, but they keep missing.

PAST TOP PICK
PAST TOP PICK
August 19, 2016

(A Top Pick Aug 5/15. Up 165.56%.) He is surprised that this didn’t move much better, because it is a 500,000-600,000 ounce producer.

Show full opinionHide full opinion
Detour Gold (DGC-T)
August 19, 2016

(A Top Pick Aug 5/15. Up 165.56%.) He is surprised that this didn’t move much better, because it is a 500,000-600,000 ounce producer.

COMMENT
COMMENT
August 11, 2016

A large Canadian deposit that is doing very well. Although a very big discovery, they are still having great exploration results. Those come with grade and they will still be produced early in the mine plan. If you think gold is going higher, which he does, this is a premium name at a premium price in a premium country.

Show full opinionHide full opinion