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Compiling comments that experts make about stocks while on public TV.

Detour Gold Stock Symbol: DGC-T

Last Price Recorded: $20.1500 on 2016-02-09

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Date Signal Expert Opinion Price
2016-01-18 BUY John Wilson

It is in a category he would look in.  Their output is in US$ and their costs are in CAD$.  It has been out of favour for the last few years.  He thinks the outlook for gold is better going forward than for the last 2 or 3 years.  This is a well managed company with lots of funding in place.


Price:
$16.230
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-12-11 HOLD Jaime Carrasco

You are getting a lot of outperformance in relation to the sector itself, which is down 40%. This has been the best performer in his portfolio. Year-to-date this is up 62%. When the price of gold rebounds, that is when these companies are really going to kick in.


Price:
$15.080
Subject:
REITS, RESOURCES & UTILITIES
Bias:
CONTRARIAN
Owned:
Yes
2015-11-12 COMMENT Rick Rule

Thinks this belongs in Canadian gold portfolios and is a company that has been effectively de-risked. Fully priced, but the Canadian gold stock market will be higher in 18 months. This will be a participant.


Price:
$12.970
Subject:
PRECIOUS METALS
Bias:
UNKNOWN
Owned:
Unknown
2015-10-16 TOP PICK Jaime Carrasco

This has been outperforming the most since November of all the stocks he has in his portfolio. Great project and low cost and continues to grow. Well-managed. At some point this could get taken out.


Price:
$15.000
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
Yes
2015-08-12 BUY Rick Rule

They are through a fairly challenging startup period.  They have a decent balance sheet.  It either goes up or someone takes it over.  The bugs are out of it.


Price:
$14.720
Subject:
PRECIOUS METALS
Bias:
SELECTIVE
Owned:
Unknown
2015-08-05 TOP PICK Michael Smedley

A good contrarian play. The company has gone through its teething problems of start-up and is heading for 500,000 ounce production, which makes it the largest gold mine in Canada, and he thinks it is heading for around 600,000 with extra lands that it can explore. Its costs are going to descend to about $700 all in, from the $1200 they have currently. This is absolutely a take out candidate.


Price:
$12.020
Subject:
CANADIAN
Bias:
BEARISH
Owned:
Yes
2015-07-24 COMMENT Jaime Carrasco

One of the cores in his portfolios. Likes their Canadian project. They continue to lower the cost of production and are actually up and running. His company has it with a $19 target and as an “outperform”. He will continue to hold this.


Price:
$11.510
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULLISH on GOLD
Owned:
Yes
2015-06-17 TOP PICK Jon Case

(A Top Pick May 30/14. Up 46.78%.) Really starting to hit its stride. Has been commissioning the Detour Lake mine in Northern Ontario. A huge mine, 500,000 ounces a year in production and a 20 year mine life. Initial operations haven’t met what they were guiding for the full year, so there was some concern that this ramp-up was going to take longer than expected, and perhaps the balance sheet would weaken. They are now running well above their full-year guidance. Thinks there is potential for this to see analysts’ upgrades on free cash flow estimates for 2015.


Price:
$16.010
Subject:
PRECIOUS METALS
Bias:
BULLISH on GOLD
Owned:
Yes
2015-06-09 COMMENT Christine Poole

Thinks the reason the stock has done well is that they recently had a mine tour that just started ramping up production this past year. It is going very smoothly.


Price:
$14.890
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-06-03 DON'T BUY Alex Ruus

One of the better pure play golds in North American. He is still cautious on gold. Gold has been in a general downtrend for about 3 or 4 years now, and showing signs that it might be bottoming here, but could be going to new lows again.


Price:
$13.950
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2015-04-27 COMMENT Peter Brieger

He likes the stock, but right now he is focusing on Goldcorp (G-T). Thinks this will do well because of increasing production.


Price:
$11.530
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2015-03-26 DON'T BUY Benj Gallander

Does not follow any more.  He has never been close to buying it.  He owns 4 other gold companies.  He likes the gold sector but never came close to buying into this one.  Most companies in the sector have poor balance sheets. 


Price:
$11.080
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
No
2015-03-25 WAIT John Wilson

Gold companies doing well last year were operating in geographies where they benefited from declining currencies.  In the last little while we saw the Canadian dollar getting back some of the ground so the trade goes the other way.  The gold price itself is fighting against the idea that the Fed will raise rates.  He is not near term bullish on gold, but it will do better in 3 to 5 years. 


Price:
$11.420
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Unknown
2015-03-09 TOP PICK John Zechner

Everybody is devaluing in the International currencies. At some point, he believes that you need some gold in your portfolio to protect you. This one has a decent mine production and levered to the upside of the gold price. He doesn’t want geopolitical risks. The risk is that you have a higher breakeven on it.


Price:
$9.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Yes
2015-03-03 WAIT Dennis Da Silva

A lot of people have compared this to Osisko with large open pit low-grade deposit, a lot of moving of material throughput and mill availability being crucial to the costs, as to whether you are going to be making money or not. Osisko’s Malartic went through an extended ramp up period, which wasn’t easy and is still going through major improvements. He thinks Detour Gold is going through the same process. Their balance sheet can withstand a little bit of a delay in terms of going into free cash flow mode. He is looking for another few quarters of throughput improvement. With steady progress and costs continuing to fall off, it will be a great free cash flow generator.


Price:
$11.400
Subject:
CANADIAN RESOURCES
Bias:
OPTIMISTIC on ENERGY
Owned:
No
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