AuRico Gold Inc

AUQ-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about AUQ-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 17, 2015

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.

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.

Jon Case
Portfolio Manager, Sentry Investments
Price
$3.860
Owned
No
COMMENT
COMMENT
August 12, 2014

(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.

AuRico Gold Inc (AUQ-T)
August 12, 2014

(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.

Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$4.950
Owned
Unknown
COMMENT
COMMENT
August 5, 2014

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.

AuRico Gold Inc (AUQ-T)
August 5, 2014

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.

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$4.420
Owned
No
WATCH
WATCH
March 25, 2014

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.

AuRico Gold Inc (AUQ-T)
March 25, 2014

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.

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$4.820
Owned
No
BUY
BUY
March 3, 2014

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

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

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$5.530
Owned
Unknown
DON'T BUY
DON'T BUY
February 3, 2014

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.

AuRico Gold Inc (AUQ-T)
February 3, 2014

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.

Jon Case
Portfolio Manager, Sentry Investments
Price
$5.090
Owned
No
WATCH
WATCH
June 10, 2013

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

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

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$5.180
Owned
Unknown
WEAK BUY
WEAK BUY
May 7, 2013

Likes the range of assets.

Likes the range of assets.

Rick Rule
Pres. & CEO, Sprott USA
Price
$4.800
Owned
No
COMMENT
COMMENT
March 5, 2013

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

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

Rick Rule
Pres. & CEO, Sprott USA
Price
$6.170
Owned
No
BUY
BUY
December 28, 2012

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.

AuRico Gold Inc (AUQ-T)
December 28, 2012

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$7.790
Owned
No
HOLD
HOLD
October 9, 2012

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

AuRico Gold Inc (AUQ-T)
October 9, 2012

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

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.260
Owned
Unknown
COMMENT
COMMENT
July 26, 2012
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.
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.
Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$6.690
Owned
No
BUY
BUY
March 30, 2012
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.
AuRico Gold Inc (AUQ-T)
March 30, 2012
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.
Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$8.890
Owned
Unknown
DON'T BUY
DON'T BUY
April 29, 2011
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.
AuRico Gold Inc (AUQ-T)
April 29, 2011
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.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$10.350
Owned
No
BUY
BUY
April 1, 2011
One of the gold socks where he thinks the money is going to go to. Expect it will work higher.
One of the gold socks where he thinks the money is going to go to. Expect it will work higher.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$9.740
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 24, 2010
(A Top Pick Nov 5/09. Down 31%.) Sold his holdings when it broke below its 200 day moving average.
AuRico Gold Inc (AUQ-T)
November 24, 2010
(A Top Pick Nov 5/09. Down 31%.) Sold his holdings when it broke below its 200 day moving average.
Ron Meisels
President, P & C Holdings
Price
$6.750
Owned
No
BUY
BUY
August 19, 2010
Chart shows a 5-wave pullback, which is now completed and has support at $5.30. In a sector that is favourable. Once it gets above its current level it should work higher.
AuRico Gold Inc (AUQ-T)
August 19, 2010
Chart shows a 5-wave pullback, which is now completed and has support at $5.30. In a sector that is favourable. Once it gets above its current level it should work higher.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$7.400
Owned
Unknown
HOLD
HOLD
July 29, 2010
Has come off quite dramatically and he has been looking at it. Has a strike at one mine as well as some operational difficulties. Didn't achieve objectives in the last couple of quarters. Open pit has a 5-year life and then they'll have to go underground. A “show me” story.
Has come off quite dramatically and he has been looking at it. Has a strike at one mine as well as some operational difficulties. Didn't achieve objectives in the last couple of quarters. Open pit has a 5-year life and then they'll have to go underground. A “show me” story.
Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$6.070
Owned
No
DON'T BUY
DON'T BUY
July 5, 2010
There are better resource bases out there that you could invest in.
There are better resource bases out there that you could invest in.
Martin Hubbes, CFA
Executive Vice-President/Chief Investment Officer, AGF Funds Inc.
Price
$5.540
Owned
No
BUY WEAKNESS
BUY WEAKNESS
June 22, 2010
Had a labour issue a couple of weeks ago. Have a descent sized gold deposit. Some bad luck as far as operations. Ha some doubts about their ability to manage these issues. He would start looking around a digging if it were at the right price.
Had a labour issue a couple of weeks ago. Have a descent sized gold deposit. Some bad luck as far as operations. Ha some doubts about their ability to manage these issues. He would start looking around a digging if it were at the right price.
Jim Huang
President, T.I.P. Wealth Management
Price
$6.080
Owned
No
DON'T BUY
DON'T BUY
June 17, 2010
Gold. Just fired a lot of people in a mine in Mexico and the stock fell 9%. Gold prices have been hitting all-time highs versus the producers. Would rather own the commodity.
Gold. Just fired a lot of people in a mine in Mexico and the stock fell 9%. Gold prices have been hitting all-time highs versus the producers. Would rather own the commodity.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$7.040
Owned
No
PAST TOP PICK
PAST TOP PICK
May 18, 2010
(Top Pick Nov 5/09) Should have got out when it broke the trend line. $7 is an important support level.
(Top Pick Nov 5/09) Should have got out when it broke the trend line. $7 is an important support level.
Ron Meisels
President, P & C Holdings
Price
$8.050
Owned
Yes
DON'T BUY
DON'T BUY
April 30, 2010
Has not been a good performer over the years with a lot of misses on their production. Costs have been going up quite a bit too. There are so many other great gold stories out there. At some point in time, he will Short this one.
AuRico Gold Inc (AUQ-T)
April 30, 2010
Has not been a good performer over the years with a lot of misses on their production. Costs have been going up quite a bit too. There are so many other great gold stories out there. At some point in time, he will Short this one.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$7.560
Owned
No
DON'T BUY
DON'T BUY
April 8, 2010
Have had a lot of revisions downwards by analysts in terms of its forward earnings. Below the 50 and 200 day moving averages.
Have had a lot of revisions downwards by analysts in terms of its forward earnings. Below the 50 and 200 day moving averages.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$7.200
Owned
No
HOLD
HOLD
April 5, 2010
Has positive cash flow, in turnaround mode, revenues have gone up, good turnaround candidate. He would not sell it if he owned it.
Has positive cash flow, in turnaround mode, revenues have gone up, good turnaround candidate. He would not sell it if he owned it.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.420
Owned
No
DON'T BUY
DON'T BUY
March 11, 2010
Have had a tough time getting their mine working. Veins are not hanging together as they would like and there is a lot more dilution in the open pit portion of it. Having trouble with high-grade getting mixed in with low.
AuRico Gold Inc (AUQ-T)
March 11, 2010
Have had a tough time getting their mine working. Veins are not hanging together as they would like and there is a lot more dilution in the open pit portion of it. Having trouble with high-grade getting mixed in with low.
Brent Cook
Exploration Analyst & Geologist, Exploration Insights
Price
$9.630
Owned
Unknown
BUY
BUY
February 4, 2010
Gold/Silver. Looks very attractive. Very good earnings. If gold starts moving up, some of the companies will leverage up and do better than the price of gold bullion itself.
AuRico Gold Inc (AUQ-T)
February 4, 2010
Gold/Silver. Looks very attractive. Very good earnings. If gold starts moving up, some of the companies will leverage up and do better than the price of gold bullion itself.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$9.400
Owned
No
TOP PICK
TOP PICK
November 5, 2009
Gold is tremendous and the stock made a “true” inverse head and shoulders and is now breaking through the neckline. Could easily be $15-$17.
AuRico Gold Inc (AUQ-T)
November 5, 2009
Gold is tremendous and the stock made a “true” inverse head and shoulders and is now breaking through the neckline. Could easily be $15-$17.
Ron Meisels
President, P & C Holdings
Price
$9.820
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
June 17, 2009
Impressive new management. After years of going sideways they are finally moving their project forward. Good production profile. Good valuation. Stock could weaken off here.
Impressive new management. After years of going sideways they are finally moving their project forward. Good production profile. Good valuation. Stock could weaken off here.
Andrew Cook
, Andrew Cook and Associates
Price
$8.490
Owned
Unknown
BUY
BUY
April 24, 2009
(Market Call Minute) New Management
AuRico Gold Inc (AUQ-T)
April 24, 2009
(Market Call Minute) New Management
Andrew Cook
, Andrew Cook and Associates
Price
$8.710
Owned
Unknown
BUY
BUY
May 20, 2008
Had lots of operational problems, so dropped down to the $6 level. They do have gold. New management, formerly out of Barrick (ABX-T) has confidence in the mine.
Had lots of operational problems, so dropped down to the $6 level. They do have gold. New management, formerly out of Barrick (ABX-T) has confidence in the mine.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$9.850
Owned
Yes
COMMENT
COMMENT
January 9, 2008
Long-term chart shows an under performer when compared to other golds. With an under performer in a sector, you should reduce or wait until it outperforms. Seems to be a lot of support around the $8.00 mark and the short-term chart shows a falling wedge, a bullish indicator. It breaks out of this wedge that is a very good sign.
AuRico Gold Inc (AUQ-T)
January 9, 2008
Long-term chart shows an under performer when compared to other golds. With an under performer in a sector, you should reduce or wait until it outperforms. Seems to be a lot of support around the $8.00 mark and the short-term chart shows a falling wedge, a bullish indicator. It breaks out of this wedge that is a very good sign.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$8.380
Owned
Unknown
DON'T BUY
DON'T BUY
November 26, 2007
(Market Call Minute.) A dog. Raise $100 million and are down to $1 million. The mine is just not working.
AuRico Gold Inc (AUQ-T)
November 26, 2007
(Market Call Minute.) A dog. Raise $100 million and are down to $1 million. The mine is just not working.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$6.840
Owned
Unknown
DON'T BUY
DON'T BUY
November 14, 2007
(Market Call Minute) Would avoid this stock. Have had escalating production problems.
AuRico Gold Inc (AUQ-T)
November 14, 2007
(Market Call Minute) Would avoid this stock. Have had escalating production problems.
Robert Floyd
President, R A Floyd Management
Price
$7.750
Owned
No
SELL
SELL
September 6, 2007
Good new management team. Their project is somewhat challenged. They are dealing with an open pit mine that is exhausted and are planning on extending the underground, which will be expensive. Would look elsewhere.
AuRico Gold Inc (AUQ-T)
September 6, 2007
Good new management team. Their project is somewhat challenged. They are dealing with an open pit mine that is exhausted and are planning on extending the underground, which will be expensive. Would look elsewhere.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$8.480
Owned
No
DON'T BUY
DON'T BUY
August 10, 2007
Mexican operations are still having difficulty. Operating costs were very high and production levels were very low. New CEO will be trying to turn the company around.
AuRico Gold Inc (AUQ-T)
August 10, 2007
Mexican operations are still having difficulty. Operating costs were very high and production levels were very low. New CEO will be trying to turn the company around.
Robert Floyd
President, R A Floyd Management
Price
$10.210
Owned
No
DON'T BUY
DON'T BUY
July 12, 2007
Production level and cash flows were below targets in the last quarter. Having some teething problems with some of their new operations. Wait to see if they can sort out some of their operations when they bring production on stream.
Production level and cash flows were below targets in the last quarter. Having some teething problems with some of their new operations. Wait to see if they can sort out some of their operations when they bring production on stream.
Robert Floyd
President, R A Floyd Management
Price
$12.890
Owned
No
BUY
BUY
March 8, 2007
A wonderful situation in Mexico. Stock price has performed very well. Represents less risk now, but with a higher pricing in silver/gold it should continue to appreciate.
A wonderful situation in Mexico. Stock price has performed very well. Represents less risk now, but with a higher pricing in silver/gold it should continue to appreciate.
Greg McCoach
President, The Mining Speculator
Price
$19.700
Owned
Unknown
BUY
BUY
November 22, 2006
In the “ yawn” category. Potentially heading for a 300,000-ounce production in Mexico. Could be a takeout. Be patient.
AuRico Gold Inc (AUQ-T)
November 22, 2006
In the “ yawn” category. Potentially heading for a 300,000-ounce production in Mexico. Could be a takeout. Be patient.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$15.050
Owned
Unknown
BUY
BUY
October 30, 2006
A good play on the base metals.
AuRico Gold Inc (AUQ-T)
October 30, 2006
A good play on the base metals.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$14.470
Owned
Yes
BUY
BUY
February 15, 2006
Likes the deposit. Production is just under 160,000 ounces of gold a year expecting to go up to 208,000 as well as 5.7 million ounces of silver. Low cash cost. Thinks the deposit still has a lot of room to grow. Under valued company.
AuRico Gold Inc (AUQ-T)
February 15, 2006
Likes the deposit. Production is just under 160,000 ounces of gold a year expecting to go up to 208,000 as well as 5.7 million ounces of silver. Low cash cost. Thinks the deposit still has a lot of room to grow. Under valued company.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$15.850
Owned
No
TOP PICK
TOP PICK
March 10, 2004
Their Mexican project should produce 90,000 oz. of gold at about four .5,000,000 oz. which is about 300,000 oz. of gold. Should be low-cost and fast payback.
AuRico Gold Inc (AUQ-T)
March 10, 2004
Their Mexican project should produce 90,000 oz. of gold at about four .5,000,000 oz. which is about 300,000 oz. of gold. Should be low-cost and fast payback.
Reg Ogden
Vice President, Canaccord Capital
Price
$7.000
Owned
No
BUY
BUY
August 14, 2003
Their properties in Mexico contained very large resources.The stock has run up a lot, so be careful buying it here.Has a more upside in this cycle.
AuRico Gold Inc (AUQ-T)
August 14, 2003
Their properties in Mexico contained very large resources.The stock has run up a lot, so be careful buying it here.Has a more upside in this cycle.
John Embry
President, Sprott Asset Management
Price
$5.000
Owned
Unknown
BUY
BUY
June 27, 2003
Have two sites. One open pit which is the value of the stock. The other site has some good veins.
Have two sites. One open pit which is the value of the stock. The other site has some good veins.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$2.450
Owned
Unknown
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