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
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