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PAST TOP PICK
(A Top Pick Oct 12/18, Up 2%) He still likes gold, Newmont (which acquired G-T) and Goldcorp.
PAST TOP PICK
(A Top Pick Aug 20/18, Up 2%) This merged with another company and was taken out. He still likes the gold space. Central Banks are beginning to run on fumes and have no idea what problems they are causing for investors down the road. Gold is good in deflationary times and even better in inflationary times -- it doesn't do well in between.
PAST TOP PICK
(A Top Pick Oct 12/18, Up 2%) Acquired by Newmont. Return is up, either way.
DON'T BUY
He's never really owned Goldcorp, Newmont and Barrick. The share appreciation would come better from an Agnico Eagle or Kirkland Lake which have growing reserves, great management and low production costs. He stays away from companies like Goldcorp or Barrick or Newmont. In fact, Aginco has outperformed Goldcorp and will be self-sufficient by 2023. It pays a good dividend and they continue to grow overall.
BUY
Big relationship to US dollar, so dollar strength means gold weakness. Gold gets seasonally weak right now. May go sideways for a while. If it breaks the downtrend, it can accelerate pretty quickly. Second seasonality is in the summer, but could happen earlier. Timely to buy right now, and wait for the next shot up.
COMMENT
It is oversold as a consequence of being belittled by Barrick. It has a paucity of tier 1 assets. The trend of mergers of in the industry is going to be good for the company.
COMMENT
If Barrick buys Newmont and Goldcorp walks away with $630 million because the Newmont-Goldcorp deal (of last month) doesn't actually go through. Can GT shareholders kick the GT board out--the board who gets a hefty package, but not the shareholders? He can't comment on this though many are asking this question. About this deal, we haven't seen gold M&A deals for a while. From Barrick's point of view, this is an obvious plus. Many are surprised that this is the deal.
COMMENT
Today's merger with Newmont Mining Synergies will improve their margins. But he would sell--he doesn't like gold in general and this is a selling opportunity.
DON'T BUY
It could be 10% higher than today. He would prefer an equal weight gold ETF. G-T is probably a slight underperformer but he would buy gold stocks on a pull back.
HOLD
They suffered badly. It is going to disappear as they are being acquired. You could hold it from here.
PAST TOP PICK
(A Top Pick Jan 23/18, Down 26%) Disappointed in the recent deal, because of a low premium. It was nearing the point of positive free cash flow.
WAIT
The success of the 20/20/20 goals on cost reductions and production and cash flow growth will be the real test. They are trying to increase transparency of their strategy, now can they prove up on the execution? He would rather pay a little more for more consistency.
DON'T BUY
Sees nothing encouraging in the fundamentals here at all. Clawed its way back from its recent 18% drop. People are worried about gold prices not sustainable at the $1300 level. Wouldn't be a buyer. Lot of resistance above $14.
BUY
He likes it. Good balance sheet. Stands to enjoy good leverage off the price of gold.
BUY
ABX-T vs. G-T. G-T is more the defacto go-to name. ABX-T does not have the growth any more. He thinks G-T has better assets. The problem with G-T used to be excessive valuation but that is not the case now.
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Augusta Gold(G-T) Rating

Ranking : 1 out of 5

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Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Augusta Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Augusta Gold(G-T) Frequently Asked Questions

What is Augusta Gold stock symbol?

Augusta Gold is a Canadian stock, trading under the symbol G-T on the Toronto Stock Exchange (G-CT). It is usually referred to as TSX:G or G-T

Is Augusta Gold a buy or a sell?

In the last year, there was no coverage of Augusta Gold published on Stockchase.

Is Augusta Gold a good investment or a top pick?

Augusta Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Augusta Gold.

Why is Augusta Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Augusta Gold worth watching?

0 stock analysts on Stockchase covered Augusta Gold In the last year. It is a trending stock that is worth watching.

What is Augusta Gold stock price?

On 2025-04-15, Augusta Gold (G-T) stock closed at a price of $1.09.