AssessmentWhile the SP of TGZ has done very well, the company remains cheap on a valuation basis at 15x earnings. Debt is a bit high for their liking but should decline with good CF over time and it expects to be debt free by 2022. Earnings for the last Q were much better than estimates and Barrick owns 11% of the company. As such, we consider this to be a nice mid cap gold stock.
This assessment was provided last Friday (ie. before the latest news) by 5iResearch following a subscriber's question. And in case anyone is wondering why I've suddenly shown up here, I've had TGZ on a watch list for awhile and initiated a position this morning after the news. GLTA