- Integra Resources has been one of the worst-performing gold stocks this year, down 26% year-to-date vs. a (-) 12% return for the Gold Juniors Index.
- The share price performance has little to do with the company's fundamental story, which remains solid given the potential to prove up close to 5 million gold-equivalent ounces at DeLamar.
- With Integra trading at just 0.25x its After-Tax NPV (5%) at an $1,800/oz gold price and less than $35.00/oz, the stock looks to have minimal downside and upside re-rating potential.
- I continue to see Integra as a top-12 takeover target in the sector, and I see this sharp correction as a low-risk buying opportunity.
For further details see:
Integra Resources: Dirt-Cheap Valuation For A Tier 1 Developer