Never listen to analyst recommendations. No need to look around, analyst consensus had AGO at strong buy when it was trading near $4, when forward P/E was over 40 back then. Surely enough the P/E didn't lie, the analysts lied, AGO was about 4x overvalued back then. Same goes for NCM, I never understood why people would pay P/E 40 for a gold miner that keeps downgrading production and increasing cost.
AGO Price at posting:
74.5¢ Sentiment: Sell Disclosure: Not Held
