AuRico Gold Inc | StockChase
44
AuRico Gold Inc (AUQ-T (Merged))

Last Price Recorded: $0.0000 on 2015-07-06

ON STOCKCHASE SINCE Jun 2003

Merged with Alamos Gold (AGI-T) (July 2015)

precious metals

AuRico Gold Inc


Signal Opinion Expert

2015-06-17

COMMENT
AuRico Gold Inc (AUQ-T (Merged))

In the midst of merging with Alamos Gold (AGI-T). It has been a troubled mine developer and a good example of why he doesn’t invest in mine developers. The balance sheet just deteriorates and they had to cut their dividend. Alamos brings a strong balance sheet and the ability to take Young-Davidson mine over the finish line and fully develop it. They will continue to drain cash out of the company as that asset ramps up. Doesn’t see a whole lot of free cash flow coming out of the company in 2016-2017, which is the main reason he is not there.

precious metals
Jon Case

Portfolio Manager, Sentry Investments

Price: $3.860
Owned: No

2014-08-12

COMMENT
AuRico Gold Inc (AUQ-T (Merged))

(See comments under Gold.) The only problem he has with this is that it may be a sector laggard. He would prefer gold stocks that are out performers in the sector. He wouldn’t add to this one, but would pick another stock instead.

precious metals
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $4.950
Owned: Unknown

2014-08-05

COMMENT
AuRico Gold Inc (AUQ-T (Merged))

One of the most impressive underground mines he has ever been to. Have haulage systems, automation, which is incredible. Was skeptical last year they would be able to get tonnage up to their target. They have beaten all their target levels. Doing a really good job. Underground reserve grade is about 2.7 grams per ton, which for an open pit would be spectacular, so this is one of the lower grades for an underground mine.

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Management Inc.

Price: $4.420
Owned: No

2014-03-25

WATCH
AuRico Gold Inc (AUQ-T (Merged))

Paid a lot of money in terms of dividends when they sold one of their Mexican projects recently. Their marquee asset is now the Young-Davidson mine and is one of the best underground mines that he has seen developed in the last decade. He is a bit cautious on the grade which is about 2.74 g per ton, which is fairly low grade for an underground mine. Wants to watch how they ramp up production before getting back in. When a mistake is made or there is a problem, high grades will cover mistakes whereas low grades margins are already potentially tight.

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Management Inc.

Price: $4.820
Owned: No

2014-03-03

BUY
AuRico Gold Inc (AUQ-T (Merged))

Gold is a trade right now.  Likes this one and would recommend it, although these are not cheap any more. 

precious metals
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $5.530
Owned: Unknown

2014-02-03

DON'T BUY
AuRico Gold Inc (AUQ-T (Merged))

Predominantly in Ontario.  Have a Mexican asset.  A lot of the cash flow has to get re-invested to ramp up project in Ontario.  He has bought it on weakness in the past.

precious metals
Jon Case

Portfolio Manager, Sentry Investments

Price: $5.090
Owned: No

2013-06-10

WATCH
AuRico Gold Inc (AUQ-T (Merged))

Have done a pretty good job.  Instituted a dividend.  Mining from underground and testing new equipment over the next 6 months.  He prefers to keep a watch at this time.  Buy below $3.50

precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Management Inc.

Price: $5.180
Owned: Unknown

2013-05-07

WEAK BUY
AuRico Gold Inc (AUQ-T (Merged))

Likes the range of assets. 

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $4.800
Owned: No

2013-03-05

COMMENT
AuRico Gold Inc (AUQ-T (Merged))

Likes this but doesn’t own. Sees many, many names in the gold space that are cheaper.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $6.170
Owned: No

2012-12-28

BUY
AuRico Gold Inc (AUQ-T (Merged))

Had been Short this because he thought they were going to have a capital shortfall in the summer. However, they were able to sell an asset so the stock had a nice rebound. Looks pretty attractive here.

precious metals
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $7.790
Owned: No

2012-10-09

HOLD
AuRico Gold Inc (AUQ-T (Merged))

(Market Call Minute.) Have recently had a few production issues. Valuation is fair.

precious metals
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $6.260
Owned: Unknown

2012-07-26

COMMENT
AuRico Gold Inc (AUQ-T (Merged))
Have a very nice operation in their Young Davidson mine that is just in the phase of commissioning. It just hit a 52-week low because of weakness on their Ocompo Mexican mine as well as the departure of their CEO because of medical reasons. Cheap, but not his favourite.
precious metals
Charles Oliver, HBSc CFA

Senior Portfolio Manager, Sprott Asset Management Inc.

Price: $6.690
Owned: No

2012-03-30

BUY
AuRico Gold Inc (AUQ-T (Merged))
Mexican gold player. Recently acquired Northgate Minerals. Looking to optimize both their Mexican and Canadian assets, which could double their production. Good company. Stock is very cheap right now and should move up very nicely.
precious metals
Alice Tsang

Portfolio Manager, Marquest Asset Management

Price: $8.890
Owned: Unknown

2011-04-29

DON'T BUY
AuRico Gold Inc (AUQ-T (Merged))
He has a target price of $10 so feels it is fully valued. He is neutral on this one. With this one, you mainly get the rise in the price of the commodity. There are others that look better.
precious metals
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $10.350
Owned: No

2011-04-01

BUY
AuRico Gold Inc (AUQ-T (Merged))
One of the gold socks where he thinks the money is going to go to. Expect it will work higher.
precious metals
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $9.740
Owned: Unknown

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