This article presents our model portfolio of the 6 largest ($+10B) gold stocks by market capitalization that trade on Canadian and/or American stock exchanges to help you determine which equities to consider investing in.
MunAiMarkets Large-Cap Gold Equities Portfolio
Below are the performances of the 6 stocks in the Portfolio for the month of October, in descending orde, along with their market capitalizations, price/earning ratios, and company profile.
To determine why a particular stock advanced or declined so much last week click on the stock symbol and scroll down to the “News” section.
- Kinross Gold (KGC): UP 6.6% in October
- Profile: engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.
- Mkt. Cap: $12.4B
- Current P/E Ratio: 15.4
- Agnico Eagle Mines (AEM): UP 5.5% in October
-
- 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: $43.2B
- Current P/E Ratio: 21.3
-
- Gold Fields (GFI): UP 1.5% in October
- 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: $14.7B
- Current P/E Ratio: 14.1
- AngloGold Ashanti (AU): UP 0.5% in October
- Profile: primarily explores for gold in Africa, Australia, and the Americas (as well as produces silver and sulphuric acid as by-products) with its flagship property located in the Lake Victoria gold fields of the Mwanza region in north-western Tanzania.
- Mkt. Cap: $11.7B
- Current P/E Ratio: 10.1
- Barrick Gold (GOLD): DOWN 4.5% in October
- Profile: engages in the exploration, mine development, and production of gold and copper properties (also explores and sells silver and energy materials) with producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
- Mkt. Cap: $38.8B
- Current P/E Ratio: 14.9
- Freeport-McMoRan (FCX): DOWN 12.3% in October
- 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: $64.7B
- Current P/E Ratio: 28.3
Summary
The Portfolio, with an average market cap of $30.1B, went DOWN 0.9% in October. The Van Eck Gold Miners ETF (GDX), in comparison, which consists of 60 constituents with an average market capitalization of $24B and an expense ratio of 0.51%, was virtually unchanged in October.
Addendum: There are thousands of 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:
- Sprott Junior Gold Miners ETF (SGDJ): UP 6.5% in October
- Price Earnings Ratio: 15.2
- Expense Ratio: $0.50
- Dividend Yield: 3.4%
- # Holdings: 41
- VanEck Junior Gold Miners ETF (GDXJ): UP 4.0% in October
- Price Earnings Ratio: 31.1
- Expense Ratio: $0.52
- Dividend Yield: 0.54%
- # Holdings: 91
- Global X Silver Miners ETF: (SIL): UP 7.1% in October
- Price Earnings Ratio: 31.8
- Expense Ratio: $0.65
- Dividend Yield: 0.37%
- # Holdings: 39
- iShares MSCI Global Silver ETF (SLVP): UP 4.7% in October
- Price Earnings Ratio: 34.0
- Expense Ratio: $0.39
- Dividend Yield: 0.63%
- # Holdings: 40
