Q: What is your assessment of prospects (5 yr) for Oceanagold, and is it buyable at current price. Are there overall better mid-tier gold producers on a risk/reward basis and, if so, could you name a couple?
5i Research Answer:
OGC has been hitting new highs, it's now at a $2.8B market cap, with an OK forward P/E of 8X, solid expectations for forward sales and earnings growth, a good balance sheet, and margins have been expanding.
It looks strong, but for a mid-tier gold producer, we would give AGI the slight edge.