| Gold Miner Outlook: Which Stocks Are Worth Their Weight in Gold? | |
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Worth Their Weight in Gold? Potential Upside for Gold Stocks (Continued from Prior Part) Market sentiment
We’ve analyzed the key operating and financial metrics for gold miners so far. Now it’s time to see the market sentiment for these companies. In this article, we’ll discuss analysts’ recommendations, target prices, and potential upside for gold miners.
Gold miners’ ratings
Agnico Eagle Mines (AEM) and Goldcorp (GG) are analyst favorites. They have the highest percentage of “buy” recommendations at 80% and 79%, respectively. Kinross Gold (KGC) has the lowest percentage of “buy” recommendations at 25%. On the other hand, Barrick Gold (ABX) and Newmont Mining (NEM) have the lowest “sell” recommendations at 4%. Most analysts have “hold” ratings on these names.
Analysts’ estimates change
Of the six companies, the EBITDA estimates for next year have only risen for Agnico and Newmont since the start of 2015. Barrick saw the largest fall in estimates at 30%. Goldcorp, Kinross, and Yamana Gold’s (AUY) estimates fell by 29%, 23%, and 19%, respectively.
Analysts are impressed by Newmont’s efforts at debt and cost reduction to face the volatile metals price environment. On the other hand, Agnico’s exploration potential amid slowing industry production growth and its strong balance sheet are keeping analysts bullish on the company.
Recently, research analysts at Macquarie upgraded Agnico from “hold” to “buy.” Canaccord Genuity reaffirmed its “buy” rating on AEM while increasing its target price from $49 to $51.
Investors who don’t want to pick up individual companies can invest in gold miners through the Market Vectors Gold Miners ETF (GDX). This ETF invests in senior and intermediate gold miners. Newmont forms 6.9% of its portfolio. The SPDR Gold Shares ETF (GLD) provides exposure to spot gold prices.
Continue to Next Part Browse this series on Market Realist:
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PRODUCTEUR |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Agnico Eagle Mines est une société de production minière d'or basée au Canada. Agnico Eagle Mines est productrice d'or, d'argent, de cuivre, de plomb et de zinc au Canada, au Mexique et en Finlande, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK et LARONDE EXTENSION au Canada, PINOS ALTOS au Mexique et KITTILA en Finlande, ses principaux projets en développement sont LAPA, GOLDEX et LARONDE au Canada et ses principaux projets en exploration sont BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY et VICTORY LAKE au Canada et MORELOS SUR au Mexique. Agnico Eagle Mines est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,3 milliards (3,9 milliards US$, 3,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 29 octobre 1999 à 10,10 , et son plus haut niveau récent le 18 septembre 2024 à 110,78 . Agnico Eagle Mines possède 47 442 200 actions en circulation. |