| What Do Analysts Predict for VGPMX’s Top Holdings? | |
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What You Should Know about Alternative Precious Metal Fund VGPMX (Continued from Prior Part) Bearish trend
Nevsun Resources (NSU), Agnico-Eagle Mines (AEM), Randgold Resources (GOLD), Dominion Diamond (DDC), and Genpact (G) are the top five holdings of the Vanguard Precious Metal and Mining Investment Fund (VGPMX). VGPMX’s portfolio consists of stocks that are into precious metal producing, processing, and distributing. Except Nevsun Resources and Dominion Diamond, the other three stocks are trading above their respective 20-day and 100-day moving averages. The total financial portfolio of the VGPMX is trading below its 20-day, 50-day, and 100-day moving averages, signifying a downward trend for VGPMX.
Agnico-Eagle Mines, Randgold Resources, and Genpact are trading at 9.6%, 1.5%, and 6.8% above their respective 100-day moving averages. On the other hand, Dominion Diamond is trading below its 100-day and 20-day moving averages by 25.7% and 5.7%, respectively.
The table above shows the moving averages, forward target price, and returns of the top five holdings of the VGPMX.
Analyst estimates
Wall Street analysts indicate an upside of about 44.7% and 116.4% for Nevsun Resources and Dominion Diamond, respectively, from the current levels in the next 12 months. Also, Agnico Eagle Mines and Randgold Resources have an upside target of 19.3% and 26.1% from the current levels, as per Wall Street analysts. Public Storage, Simon Property Group, and Equity Residential have seen a sales growth of 11%, 7%, and 1%, respectively.
In the next article of the series, we will compare the historical performance of the VGPMX with its benchmark.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agnico Eagle Mines is a gold producing company based in Canada. Agnico Eagle Mines produces gold, copper, lead, silver and zinc in Canada, in Finland and in Mexico, develops copper, gold, lead, silver and zinc in Canada, and holds various exploration projects in Canada. Its main assets in production are LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK and LARONDE EXTENSION in Canada, PINOS ALTOS in Mexico and KITTILA in Finland, its main assets in development are LAPA, GOLDEX and LARONDE in Canada and its main exploration properties are BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY and VICTORY LAKE in Canada and MORELOS SUR in Mexico. Agnico Eagle Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is 5.3 billions as of today (US$ 3.9 billions, € 3.5 billions). Its stock quote reached its lowest recent point on October 29, 1999 at 10.10, and its highest recent level on September 19, 2024 at 110.94. Agnico Eagle Mines has 47 442 200 shares outstanding. |