TSE:TXG
17.91
0.37
(2.02%)
Analysis and Opinions about TXG-T
Signal
Opinion
Expert
COMMENT
COMMENT
November 6, 2019
They've had two amazing quarters, but have had sociological and operational problems in western Mexico. Investors should have tight trailing stops to protect against any stock downside. The stock has ripped in the last 2 quarters.
Show full opinionHide full opinion
They've had two amazing quarters, but have had sociological and operational problems in western Mexico. Investors should have tight trailing stops to protect against any stock downside. The stock has ripped in the last 2 quarters.
BUY
BUY
April 15, 2019
The biggest influence on gold is going to be the US$. Gold rolled over to about the $1290 range. You should get a bit of a spike back up. There tends to be a bump down in gold in May. We had a pretty big down move in the last couple of weeks. We are oversold on some indicators. It could stay down here for a bit as it did for all of 2017. It is back into the loop now and we just started to see some outperformance to the TSX.
Show full opinionHide full opinionThe biggest influence on gold is going to be the US$. Gold rolled over to about the $1290 range. You should get a bit of a spike back up. There tends to be a bump down in gold in May. We had a pretty big down move in the last couple of weeks. We are oversold on some indicators. It could stay down here for a bit as it did for all of 2017. It is back into the loop now and we just started to see some outperformance to the TSX.
PARTIAL BUY
PARTIAL BUY
March 22, 2019
Once it got above $12, it started basing. And now it's started to turn up. Big move up to $17. Market will be interested around the $20 level, so it may go sideways there. If you don't have gold, this wouldn't be the first place to start, but you could pick up 1% or less than a 5% position.
Show full opinionHide full opinionOnce it got above $12, it started basing. And now it's started to turn up. Big move up to $17. Market will be interested around the $20 level, so it may go sideways there. If you don't have gold, this wouldn't be the first place to start, but you could pick up 1% or less than a 5% position.
TOP PICK
TOP PICK
March 4, 2019
Gold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98)
Show full opinionHide full opinionGold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98)
COMMENT
COMMENT
April 3, 2018
Some of their Mexico properties have geo-politcal risk, though he likes Mexico as a whole to mine. They have cash and are getting this Mexico mine into production. They just had an EPS miss. This could be a buying opportunity.
Some of their Mexico properties have geo-politcal risk, though he likes Mexico as a whole to mine. They have cash and are getting this Mexico mine into production. They just had an EPS miss. This could be a buying opportunity.
DON'T BUY
DON'T BUY
March 6, 2018
Great deposit. Had some start-up issues but solved them. Issues now with safety and work blockages in Guerrero, Mexico, which is a tough place. Things they can't control are killing them.
Great deposit. Had some start-up issues but solved them. Issues now with safety and work blockages in Guerrero, Mexico, which is a tough place. Things they can't control are killing them.
WEAK BUY
WEAK BUY
March 5, 2018
He loves their asset. Open pit in Mexico. It is extremely cheap on a valuation basis. Striking workers blocked the entrance to the mine, shutting it down. They have quite a bit of debt. You want to manage your risk by having it as part of a larger basket of these equities.
He loves their asset. Open pit in Mexico. It is extremely cheap on a valuation basis. Striking workers blocked the entrance to the mine, shutting it down. They have quite a bit of debt. You want to manage your risk by having it as part of a larger basket of these equities.
PAST TOP PICK
PAST TOP PICK
August 17, 2017
(Top Pick Jul 12/16, Down 22.42%) They are in Mexico and are a low cost producer. They have higher grade material they have discovered that won’t come on stream for a couple of quarters. They showed an earnings miss a couple of quarters ago and it makes this a great entry point. This is his only gold holding.
(Top Pick Jul 12/16, Down 22.42%) They are in Mexico and are a low cost producer. They have higher grade material they have discovered that won’t come on stream for a couple of quarters. They showed an earnings miss a couple of quarters ago and it makes this a great entry point. This is his only gold holding.
COMMENT
COMMENT
August 11, 2016
With this, you expose yourself to certain risks, but you are exposing yourself to a very big system.
With this, you expose yourself to certain risks, but you are exposing yourself to a very big system.
COMMENT
COMMENT
August 2, 2016
He tends not to buy a company that is building a mine, but he bought this one because they were close enough to the end and he didn’t expect any CapX surprises. This has a great little asset, a nice simple operation. A low cost operation which generates very strong margins in this kind of environment.
He tends not to buy a company that is building a mine, but he bought this one because they were close enough to the end and he didn’t expect any CapX surprises. This has a great little asset, a nice simple operation. A low cost operation which generates very strong margins in this kind of environment.
TOP PICK
TOP PICK
July 26, 2016
A new emerging gold producer in Mexico. Trading at 7X cash flow and 1.1X NAV. Those are bottom end of the range multiples, and he expects that to re-rate as they develop their mine, which is ramping up right now.
A new emerging gold producer in Mexico. Trading at 7X cash flow and 1.1X NAV. Those are bottom end of the range multiples, and he expects that to re-rate as they develop their mine, which is ramping up right now.
TOP PICK
TOP PICK
July 12, 2016
If looking to get into gold, this is a problem because everything has moved a fair bit. This company just declared commercial production at the ELG mine in Mexico. It is roughly 200,000 ounces at a cost of about $5.35. It goes to 350,000 ounces next year and the costs go down. It is the re-rating that he finds really attractive. Although it was moving up, it was lagging the group. It also did a 1 for 10 consolidation last week, which makes it more institutional. Thinks this could see $35 in one year.
If looking to get into gold, this is a problem because everything has moved a fair bit. This company just declared commercial production at the ELG mine in Mexico. It is roughly 200,000 ounces at a cost of about $5.35. It goes to 350,000 ounces next year and the costs go down. It is the re-rating that he finds really attractive. Although it was moving up, it was lagging the group. It also did a 1 for 10 consolidation last week, which makes it more institutional. Thinks this could see $35 in one year.
COMMENT
COMMENT
June 27, 2016
Recently announced a 10 for 1 consolidation. This is simply a way of getting the share price higher than what it was. This is a way of attracting long-term institutional investors.
Recently announced a 10 for 1 consolidation. This is simply a way of getting the share price higher than what it was. This is a way of attracting long-term institutional investors.
COMMENT
COMMENT
May 31, 2016
A new gold producer with a brand-new mine in Mexico. He is impressed that they are ahead of schedule. A nice simple operation and should do about 300,000 ounces this year, so free cash flow positive. Their goal is to be 400,000 ounces next year. Recently added to his holdings.
A new gold producer with a brand-new mine in Mexico. He is impressed that they are ahead of schedule. A nice simple operation and should do about 300,000 ounces this year, so free cash flow positive. Their goal is to be 400,000 ounces next year. Recently added to his holdings.
COMMENT
COMMENT
May 30, 2014
Have the development asset, Morales in Mexico, which is a big deposit. Ultimately thinks it will trade at a premium. Right now they are in the midst of developing it. Have raised enough capital that they think they can get into production without having to go back to market, which is good. However, there is going to be a long time line between now and how long it will take for that asset to ultimately deliver cash. You probably have a 12-18 months time horizon where he doesn’t expect the share price to do much. This is typically why he avoids the development stage.
Have the development asset, Morales in Mexico, which is a big deposit. Ultimately thinks it will trade at a premium. Right now they are in the midst of developing it. Have raised enough capital that they think they can get into production without having to go back to market, which is good. However, there is going to be a long time line between now and how long it will take for that asset to ultimately deliver cash. You probably have a 12-18 months time horizon where he doesn’t expect the share price to do much. This is typically why he avoids the development stage.
