Del Vicario DetailsLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/jason-del-vicario-s-top-picks~2126477
Kirkland Lake Gold (KL TSX) This is the only gold company we own and in our opinion the highest quality gold producer in the world. It has sold off and we feel this represents excellent value. They generate consistent and growing free cash flow and have done this without piling on lots of debt. They operate in ‘safe’ jurisdictions of Canada and Australia. Extremely well run and we look forward to seeing how management allocates their $850M war chest to enhance shareholder value. We recently added to our position in the high $50s November 2020.
TOP PICK
Kirkland Lake Gold
(KL-T)
January 26, 2021
Good free cash flow growth. Carries no debt, which is crazy for a gold company. They operate in safe territories. They've been buying back shares. They have a profitable mine in Australia, but will be coming to an end. So, how do they pivot to fill this gap? Super managers. He recently added to his shares. (Analysts’ price target is $77.44)
Jason Del Vicario
Price
$50.730
Owned
Yes