| Comparing the Performance of Pure Gold Versus Diversified Miners | |
| | |
|
How the 2015 Fall in Metals Has Impacted Miners Differently (Continued from Prior Part) Pure versus diversified
2015 has taken its toll on the mining sector due to the extreme drought in the metals industries. The ETFs in the metals industry like the SPDR S&P Metals and Mining ETF (XME) and Sprott Gold Miners ETF (SGDM) have plunged 50.6% and 23%, respectively, on a year-to-date basis. The prices of gold and silver have declined 9.5% and 12%, respectively. Copper, zinc, and lead have retreated 18.3%, 22.5%, and 10%, respectively.
In this part, we’ll compare the performance of the pure precious gold miners like IamGold (IAG) and AngloGold Ashanti (AU) with that of mixed miners like Royal Gold (RGLD) and Agnico-Eagle Miners (AEM).
Best performer
Among the four mining stocks mentioned above, Agnico-Eagle (AEM) has been the best performer, as it has gained about 12% on a year-to-date basis, whereas the others have lost. The trading price of AEM is also above its 100-day moving average price. The rest of the stocks are trading significantly lower than their moving average prices.
RGLD, AU, and IAG are trading at a 17.8%, 3.7%, and 11% discount from their 100-day moving averages. Also, the best target price for all four stocks is significantly above their current prices.
AngloGold and IamGold have a strong correlation with gold of 0.92 and 0.9, respectively. On the other hand, mixed metals miners like Agnico-Eagle and Royal Gold are loosely tied to gold with correlation coefficients of 0.75 and 0.77, respectively.
These four companies together determine 14.8% of the price changes in the Market Vectors Gold Miners ETF. ETFs XME and SGDM have RSIs (relative strength index) of 38.5 and 52.3, respectively. RSI levels around 30 indicate possible undervaluation.
Continue to Next Part Browse this series on Market Realist:
|
|
|
Royal Gold Inc.
|
|
PRODUCTEUR |
CODE : RGLD |
ISIN : US7802871084 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Royal Gold est une société basée aux Etats-Unis D'Amerique. Royal Gold est productrice d'or, d'argent, de cuivre, de plomb et de zinc en USA, au Burkina Faso, au Canada, au Chili, au Mexique, au Nicaragua, en Argentine, en Bolivie et en Guinee, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Burkina Faso, au Canada, au Chili et en Australie, et détient divers projets d'exploration au Canada, en Argentine, en Bulgarie et en Finlande. Ses principaux projets en production sont BALD MOUNTAIN en USA, LIMON, LEEVILLE MINING COMPLEX et GOLDSTRIKE OPEN PIT au Nicaragua, DON MARIO (CERRO PELADO) et ROBINSON (NEVADA) en Bolivie, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA et GOLDSTRIKE UNDERGROUND au Mexique, SIGUIRI en Guinee, TAPARKO au Burkina Faso, MARTHA MINE en Argentine, ANDACOLLO HYPOGENE, TOQUI et ANDACOLLO au Chili et WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX et TROY au Canada, ses principaux projets en développement sont GOLD HILL et PASCUA LAMA au Chili, HOLT MINE & MILL et PINE COVE (MINGS BIGHT) au Canada, BALCOOMA en Australie et BOUROUM au Burkina Faso et ses principaux projets en exploration sont CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) et CAMP BIRD MINE au Canada. Royal Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 8,1 milliards US$ (7,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 février 1992 à 0,03 US$, et son plus haut niveau récent le 17 avril 2024 à 123,00 US$. Royal Gold possède 65 455 293 actions en circulation. |