You can also click on the heat maps for an in-depth research report on the company's analyst sentiment and stock performance.Īnalyze These Ideas (Tools Will Open In A New Window)ġ. Use the data as a starting-off point for your own analysis. To help you find ideas, we've listed the worst performing gold stocks during the current quarter. Catherine Raw of Gold & General Fund told Reuters, "gold price has outpaced cost inflation in the industry, meaning that gold miners are likely to see their margins and their profits increase this year… The fundamentals of gold companies have improved, and yet their shares have fallen."ĭo you agree? Will these gold stocks soon rebound? Now, with investors willing to take on more risk, industry analysts are wondering if gold stocks will rebound in value. That said, gold has skyrocketed in the last few years due to its status as a safe-haven currency in a time of debt crises and currency volatility. In other words, whichever way the stock market swings, gold has a lesser reaction. Gold is generally considered to be a low beta product, which means that it is less volatile than the overall market. Barrick Gold, AngloGold Ashanti and B HP Billiton, for example, all trade at rich premiums relative to earnings growth. That isn't to say gold prices don't impact gold stocks at all. "An environment of uncertainty, negative real interest rates and turbulent stock markets will cause gold equities to underperform, even while they benefit from a rise in the gold price," HSBC told Reuters. This implies that volatility in the overall stock market can affect gold stocks more than gold itself. This is because, according to HSBC, "gold equities are two-thirds shares and one-third gold price." The price of gold, which recently went up to $1,520 an ounce, up 20% from last year, has greatly surpassed the earnings of gold equities (which dropped 8% over the same period). Here's a fun fact: When gold prices go up, it doesn't mean gold stocks go up too. Account icon An icon in the shape of a person's head and shoulders.
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