Golden Opportunity: Portfolio Manager Highlights Unprecedented Discount In Gold Mining Stocks
Portfolio Pulse from Piero Cingari
VanEck portfolio manager Imaru Casanova highlighted the significant undervaluation of gold mining stocks, noting they are trading at historical lows in terms of P/E, P/CF, and P/S ratios. Despite trading at a 20% discount to gold, Casanova is optimistic about the sector's future, expecting gold prices to reach all-time highs and gold stocks to outperform. She shared her top picks: Alamos Gold (AGI), Wheaton Precious Metals Corp. (WPM), Bellevue Gold Ltd. (BELGF), and Endeavor Mining (EDVGF). The VanEck Gold Miners ETF (GDX) also saw a recent increase.
November 16, 2023 | 9:21 pm
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POSITIVE IMPACT
Alamos Gold is highlighted by Casanova for its strong growth execution and ongoing expansion, making it a top holding.
Casanova's positive outlook on AGI due to its growth and expansion could lead to increased investor interest and a potential short-term price increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Bellevue Gold Ltd. is commended by Casanova for its track record in delivering new projects, indicating potential for growth.
Casanova's positive remarks on BELGF's project delivery could attract investor attention, possibly leading to a short-term uptick in its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Endeavor Mining is favored by Casanova for its organic growth and aggressive exploration targets, which have been consistently met.
Casanova's confidence in EDVGF's ability to meet growth and exploration targets may lead to positive investor sentiment and a short-term rise in stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
The VanEck Gold Miners ETF (GDX) has recently increased by 1.7%, with a weekly gain of over 5%, as gold prices surged.
The recent increase in GDX, coupled with Casanova's optimistic forecast for gold prices, indicates a potential for continued short-term growth in the ETF's value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Wheaton Precious Metals Corp. is recommended by Casanova for its balance between owning metal and producers, and its significant silver exposure.
Casanova's endorsement of WPM for its balanced approach and silver exposure suggests a positive short-term outlook, potentially driving up its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90