Introduction
As predicted, all the various gold/silver sectors, be they bullion, large-cap or small cap equities, have declined considerably amid concerns that Trump’s proposed tariffs and immigration could reignite inflation and inflation, which offers no yield, makes gold less attractive to investors.
The MunAiMarkets Large-Cap Gold Equities Portfolio
The MunAiMarkets Large-Cap Gold Equities Portfolio consists of the 6 largest ($+10B) gold stocks by market capitalization that trade on Canadian and/or American stock exchanges and the performances of its constituent’s are highlighted below – and other precious metals’ sectors as an addendum – for the w/e November 15th last week, in descending order, along with their market capitalizations, price/earning ratios, and company profile to help you determine which equities to consider investing in.
- Freeport-McMoRan (FCX): DOWN 7.9% w/e November 15th
- Profile: engages in the exploration and mining of copper, gold, molybdenum, silver, and other metals in the USA, Indonesia, Peru and Chile North America, South America, and Indonesia.
- Mkt. Cap: $61.4B
- Forward P/E Ratio: 26.9
- Agnico Eagle Mines (AEM): DOWN 8.4% w/e November 15th
- Profile: explores, develops, and produces gold with mines in Canada, Australia, Finland and Mexico and exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.
- Mkt. Cap: $38.4B
- Forward P/E Ratio: 19.1
- Barrick Gold (GOLD): DOWN 9.5% w/e November 15th
- Profile: engages in the exploration, mine development, and production of gold and copper properties with producing gold mines located in Argentina, Canada, the United States, the Dominican Republic and a number of counties in Africa
- Mkt. Cap: $29.1B
- Forward P/E Ratio: 13.4
- Kinross Gold (KGC): DOWN 11.7% w/e November 15th
- Profile: engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.
- Mkt. Cap: $11.4B
- Forward P/E Ratio: 13.2
- Gold Fields (GFI): DOWN 13.5% w/e November 15th
- Profile: operates as a gold producer in Chile, South Africa, Ghana, Canada, Australia, and Peru and also explores for copper and silver deposits.
- Mkt. Cap: $12.2B
- Forward P/E Ratio: 11.7
- AngloGold Ashanti (AU): DOWN 13.8% w/e November 15th
- Profile: primarily explores for gold in Africa, Australia, and the Americas (as well as produces silver and sulphuric acid as by-products).
- Mkt. Cap: $10.0B
- Forward P/E Ratio: 10.3
Summary
The Portfolio, with an average market cap of $27.1B, went DOWN 9.7% w/e November 15th. The Van Eck Gold Miners ETF (GDX), in comparison, which consists of 60 constituents with $13.0B in assets under management and an expense ratio of 0.51%, went DOWN 9.0% during the week.
Addendums:
There are thousands more smaller market cap gold and silver stocks than the 6 highlighted above and the best way to invest in those stocks is with an ETF. To that end, I put forth 5 for your evaluation, namely:
- iShares MSCI Global Silver ETF (SLVP): DOWN 6.5% w/e November 15th
- Expense Ratio: $0.39
- Dividend Yield: 0.70%
- Assets Under Management (AUM): $233M
- # Holdings: 40
- Global X Silver Miners ETF: (SIL): DOWN 6.6% w/e November 15th
- Expense Ratio: $0.65
- Dividend Yield: 0.41%
- AUM: $1,220M
- # Holdings: 39
- VanEck Junior Gold Miners ETF (GDXJ): DOWN 8.9% w/e November 15th
- Expense Ratio: $0.52
- Dividend Yield: 0.61%
- AUM: $4,480M
- # Holdings: 91
- Sprott Junior Gold Miners ETF (SGDJ): DOWN 9.1% w/e November 15th
- Expense Ratio: $0.50
- Dividend Yield: 3.5%
- AUM: $120M
- # Holdings: 41
- Amplify Junior Silver Miners ETF (SILJ): DOWN 10.9% w/e November 15th
- Expense Ratio: $$0.69
- Dividend Yield: 0.01%
- AUM: $1,210M
- # Holdings: 54
In comparison to the above performances,
