From Benzinga's 'Metals & Mining' Conference: Imaru Casanova, Portfolio Manager, Gold & Precious Metals, VanEck Says Gold Miner Companies Are Trading With A Big Discount Relative To Other Sectors, Says Valuations Should Be Higher Next Year
Portfolio Pulse from Benzinga Newsdesk
Imaru Casanova, Portfolio Manager for Gold & Precious Metals at VanEck, stated at Benzinga's 'Metals & Mining' Conference that gold mining companies are currently trading at a significant discount compared to other sectors. Casanova predicts that the valuations of these companies should be higher next year.
November 16, 2023 | 4:48 pm
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The VanEck Vectors Gold Miners ETF (GDX), which includes gold mining companies, may see increased investor interest and potentially higher valuations next year as per Imaru Casanova's statement.
Imaru Casanova's positive outlook on gold mining companies suggests that the sector is undervalued and may experience a revaluation in the next year. As GDX is a gold miners ETF, this sentiment could lead to increased investor interest and a potential rise in GDX's price in the short term.
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IMPORTANCE 70
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