DRGDF - One Gold Producer Poised For Outperformance In A Gold Bull Market
Investment Thesis:
A handful of GDX producers have returns that are exceptionally sensitive to the gold price. We prioritize one company, Detour Gold (OTCPK:DRGDF), that should outperform the broader gold market in a rising gold price environment. We follow up with a deep dive into the company's fundamentals.
Gold Beta:
Most people in the finance industry have heard of the term “beta.” Beta is a foundational aspect of the capital asset pricing model. Generally, beta reflects the historic relationship between a stock’s return and the investible market. As an example of its application,