Analyst Recommendation PAST TOP PICK
Kirkland Lake Gold
(KL-T)
June 1, 2021
(A Top Pick Jul 06/20, Up 4%) It's an asset-heavy business which won't fare as well in inflationary times that we are entering. He prefers asset-lite companies and in this space prefers royalty plays like Franco-Nevada. But KL is the best-run gold company out there, with fine managers. His position is smaller now. KL does hold a 7-8% free cash flow yield vs. 2-3% among its peers.
PRECIOUS METALS
Jason Del Vicario
Price
$52.000
Owned
Yes