Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
September 12, 2013

Is at an entry point. Gold stocks will move with gold margin. Executed well. Managing balance sheet well. Pushed out projects that are not accretive to business. Very little growth over next few years. They could rebound very well, so hold.

Kinross Gold (K-T)
September 12, 2013

Is at an entry point. Gold stocks will move with gold margin. Executed well. Managing balance sheet well. Pushed out projects that are not accretive to business. Very little growth over next few years. They could rebound very well, so hold.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$5.280
Owned
Unknown
WEAK BUY
WEAK BUY
September 12, 2013

A large dividend is often a signal a dividend cut is coming. They are well hedged and so are well predicted. Prefers others as Nat gas names. Some level of dividend cut could be a good thing.

Encana Corp (ECA-T)
September 12, 2013

A large dividend is often a signal a dividend cut is coming. They are well hedged and so are well predicted. Prefers others as Nat gas names. Some level of dividend cut could be a good thing.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$18.610
Owned
Unknown
HOLD
HOLD
September 12, 2013

80% of revenues from gold and business is royalties. But has done extremely well. Likes the story.

Franco-Nevada Corp. (FNV-T)
September 12, 2013

80% of revenues from gold and business is royalties. But has done extremely well. Likes the story.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$42.550
Owned
Unknown
HOLD
HOLD
September 12, 2013

Hang on longer. Great profile over next 2.5 years, (30-35% production growth. Good management, lower political risk, likes the story.

Goldcorp Inc (G-T)
September 12, 2013

Hang on longer. Great profile over next 2.5 years, (30-35% production growth. Good management, lower political risk, likes the story.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$26.810
Owned
Unknown
HOLD
HOLD
September 12, 2013

He would wait for a recovery at this point. They have done the right thing in the last couple of years. Good production growth over the next couple of years. Comfortable with the name. Any acquisition will be accretive. Low political risk. Happy to hold on to it. They could cut the dividend depending on gold prices. Would be surprised if they raised it.

Agnico-Eagle Mines (AEM-T)
September 12, 2013

He would wait for a recovery at this point. They have done the right thing in the last couple of years. Good production growth over the next couple of years. Comfortable with the name. Any acquisition will be accretive. Low political risk. Happy to hold on to it. They could cut the dividend depending on gold prices. Would be surprised if they raised it.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$27.300
Owned
Unknown
HOLD
HOLD
September 12, 2013

Reality is that most of the drop is linked to the drop in price of gold. Longer ramp up of mine than they expected, so the key is for them to pricing back the grades to what they expected. Higher risk when it is all one asset.

Reality is that most of the drop is linked to the drop in price of gold. Longer ramp up of mine than they expected, so the key is for them to pricing back the grades to what they expected. Higher risk when it is all one asset.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$4.780
Owned
Unknown
BUY
BUY
September 12, 2013

Blue sky in their future. Fundamentals are probably going to improve. Demand will pick up as nuclear reactors are restarted over the next few years in Europe. Issues with starting up Cigar lake will push things out, but this is normal with Uranium mines.

Cameco Corporation (CCO-T)
September 12, 2013

Blue sky in their future. Fundamentals are probably going to improve. Demand will pick up as nuclear reactors are restarted over the next few years in Europe. Issues with starting up Cigar lake will push things out, but this is normal with Uranium mines.

Philippe Capelle
VP, Equities, Standard Life Investments
Price
$20.880
Owned
Unknown