Q: Peter and His Wonder Team
I am not a gold bug but I can see the reasons why it is over $2700.00 and heading for $3000.00. I have owned this company forever and am almost even. I know it is small and will move in tandem with gold. Do you think it has any potential to go a little higher or is the price of gold already baked in. So is it a hold or sell? Thanks!
I am not a gold bug but I can see the reasons why it is over $2700.00 and heading for $3000.00. I have owned this company forever and am almost even. I know it is small and will move in tandem with gold. Do you think it has any potential to go a little higher or is the price of gold already baked in. So is it a hold or sell? Thanks!
5i Research Answer:
We have liked the company in the past; its momentum is very positive, and it is VERY cheap on a relative basis. Production did decline in the Q3, but it has a very strong balance sheet and solid EPS growth is predicted, based on consensus. We would be comfortable continuing to own.