Home » Economy » Precious Metals – Do Goldmine Stock Still Have Potential? | News

Precious Metals – Do Goldmine Stock Still Have Potential? | News

Sunday, September 10th, 2017 | Economy

Once again, uncertainty dominates the markets: the dispute between North Korea and the US is threatening to escalate, the US is dominated by political hackhack, and the tropical storms "Harvey" and "Irma" are now creating a turmoil among investors. Therefore it is hardly surprising that the gold is very much in demand: the precious metal costs around 1357 dollars per ounce, which is the highest level in a year. In 2017, gold has already grown by 17 percent, with the increase of 11 percent in the last two months alone.
With a plus of 20 percent, the "NYSE Arca Gold Bugs" index rose almost twice as much in the last two months. It includes 17 important goldmine shares. As a matter of fact, they are developing in the same direction as the precious metal, but with a certain multiplier effect: "Normally, the mine stocks run simultaneously with gold and a lever of 2 to 5," writes user Tengri Lethos in the cash forum to.

In the cash forum, goldmine stocks are a hotly debated topic. Write your opinion (here it goes to the forum).

Carsten Menke of Julius Baer also confirms the link: "The gold price development accounts for more than 50 percent of the performance of the goldmine stocks," says the raw material analyst against cash. In addition, the general stock market performance plays an important role.
«Goldmine ETF and fund no longer exciting»
Only: In both the gold price and the equity market, Bank Julius Baer forecasts a sideways movement with certain downside risks over the next 12 months. At the same time, the attractiveness of large investments in the goldmine market is also being taken into account. "In our opinion, it is no longer worthwhile to enter goldmine ETFs or funds in our opinion," is Menke's conclusion.
If you share this opinion, you will find the alternative of a unique title from the goldmine sector, which can be found here and there. However, such a strategy is only suitable for risky investors. This is because mining stocks are not only striking upwards, but also downwards.
Investors should, therefore, thoroughly examine individual investment: Does the company provide growth? What is the margin? Is the balance solid? What about political stability in the country of production? All these factors can determine the success or failure of the mine manufacturer.
Single title still with upward potential
In an analysis of the Canadian RBC Capital Markets, five of the world's six largest gold producers will be given additional health potential in the next 12 months (see table below). cash presents three interesting stocks from the "Big Six" for investors:
Barrick Gold: The Canadian company has the world's largest gold production and is also a leader in cost. In 2016 the production costs for gold were only 730 dollars per ounce. However, the stock has fallen slightly over the past 52 weeks, and this year it still lags behind most Peers (still?) With plus 12 per cent. A major issue is the future production volume: The Acacia mine, where Barrick holds 64 percent, is subject to restrictions imposed by the Tanzanian government.
Newcrest Mining: In the past two months, the Newcrest share has grown 17 percent. This drove the estimated price / earnings ratio (P / E) 2017 to a staggering 35. The RBC analysts therefore see a downturn of 10% over the next 12 months. There are also buying arguments: in 2017 gold promotion is to be increased to 2.7 million ounces. In addition, the currency situation has been beneficial for several years now: the majority of the costs are in Australian dollars, which are weakening, but the US dollar is the most important.
AngloGold Ashanti: For the South Africans, who have mines in Africa as well as in Australia and North and South America, the assessment speaks. After a price drop of 45 percent in the last 52 weeks, the stock is only valued at a P / E ratio of 18. What added to the course: At the beginning of August a profit warning was published, the company is hard with cost reductions. Very courageous investors can insist that the reaction on the stock markets was exaggerated.
Share prices of the six largest gold producers
* According to the 12-month target of RBC / sources: cash.ch, RBC, Mining.com, company websites
Exploring #history from #above. The #abandoned Santiago Goldmine. #imageswithaltitude https://t.co/dn5T4hSqqI pic.twitter.com/OT0XQ7B3vp
– FlyingKImages (@FlyingKImages) August 29, 2017


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