LTN looks at Big Cap Gold and Silver Miners

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(IBTimes) - Below are valuations for the Big Cap Gold and Silver Miners stocks, as follows;

Barrick Gold Corporation ( ABX ); Goldcorp Inc. ( GG ); Newmont Mining Corp. ( NEM ); AngloGold Ashanti Ltd. ( AU ); Kinross Gold Corporation ( KGC ); Agnico-Eagle Mines Ltd. (AEM); Gold Fields Ltd. (GFI); Yamana Gold, Inc. (AUY); IAMGOLD Corp. (IAG); Harmony Gold Mining Co. Ltd. (HMY); Eldorado Gold Corp. (EGO); and Royal Gold, Inc. (RGLD), Silver Wheaton Corp. (SLW) and Pan American Silver Corp. (PAAS).

Barrick Gold Corporation ( ABX ) is trading at 37.60 with a market cap of $37.6-B. The 1 yr target price is 59.10 and the 52-wk range is 34.82 to 55.95. Barrick has a dividend yield of 2.2%, the target is above the 52-wk high.


Goldcorp Inc. ( GG ) is trading at 34.90 with a market cap of $28.2-B. The 1 yr target price is 60.42 and the 52-wk trading range is 32.16 to 56.31. Goldcorp's most recent yield was listed as 1.6%, the target price is above the 52-wk high.

Newmont Mining Corp. ( NEM ) is trading at 47.30 with a market cap of $23.5-B. The 1 yr target price is 69.26, the 52-wk trading range is 43.23 to 72.42. Newmont's yield is listed as 3% the target price is $3.00+ under the 52-wk high.

AngloGold Ashanti Ltd. ( AU ) is trading at 35.00 its market cap is $1.37-T the 1 yr target price is 53.02 compares to a 52-wk trading range of 30.70 to 49.14. The yield here is about 1.2%, the target is above the 52-wk high.

Kinross Gold Corporation ( KGC ) is trading at 7.95 with a market cap of $9.05-B. The 1 yr target price is 13.26, the 52-wk range is 7.11 to 18.25. Kinross yields about 2.1%, the target price is under the 52-wk high due to internal problems.

Agnico-Eagle Mines Ltd. (AEM) is trading at 37.07 with a market cap $6.3-B. The 1yr target price is 44.76 and the 52-wk range is 31.42 to 73.09, the dividend yields is about 2.2%, the target price is about 20% higher than the price now, down from its 52-wk high.

Gold Fields Ltd. (GFI) is trading at 12.67 with a market value of $9.1-B. The 1 yr target price is 19.55 and the 52-wk trading range is 11.71 to 18.49. The dividend yield of 5.1% is questionable, and may not be permanent. The target price is less than $1.00 above its 52-wk high.

Yamana Gold, Inc. (AUY) is trading 14.02 with a market cap of $10.4-B. The 1 yr target is 20.71 and the 52-wk range is 11.10 to 18.16. The indicated dividend yield is 1.6%, the target price is about 14% above its 52-wk high.

IAMGOLD Corp. (IAG) is trading at 9.89 with a market cap of $3.7-B. The 1 yr target price is 20.04 and the 52-wk trading range is 9.20 to$23.88. The annual dividend is listed as over 1%, the target price is about 15% off its 52-wk high.

Harmony Gold Mining Co. Ltd. (HMY) is trading at 9.40 with a value of $4.05-B. The 1 yr target price is 14.75, the 52-wk range of 8.64 to 15.10. The indicated dividend yield is 1.20%, and target price is just shy of its 52-wk high.

Eldorado Gold Corp. (EGO) is trading at 11.10 with a market cap of $7.9-B. The 1 yr target price is 20.38, the 52-wk range is 10.20 to 22.12. The dividend yield is 1.6%, the price target is still about 10% below its 52-wk high.

Royal Gold, Inc. (RGLD) is trading at 66.60 with a market cap of about $4-B. The 1 yr target price is 84.63, the 52-wk trading range is 55.00 to 83.87. Royal Gold has a dividend yield about 1.0%, the target price is about $1.00 over its 52-wk high.

Silver Wheaton Corp. (SLW) is traded at 25.70 with a $9.1-B market cap. The 1 yr target is 45.32, 52-wk range of 22.94 to 42.50. Silver Wheaton's dividend yield is indicated around 1.3%, the target price is almost $3.00 above its 52-wk high.

Pan American Silver Corp. (PAAS) is traded at 16.52 with a $1.74-B market cap. The 1 yr target is 27.88, a 52-wk range of 14.80 to 34.59, the dividend yield is implied at about 0.9%. The target price is within its 52-wk range.

I see a healthy upside in Gold and Silver, the upside and value are here if the 1 yr price targets from here are just close to being on targets.
The Gold miners look like a good way play the current Northside action in Gold and Silver.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

Original Source: http://www.ibtimes.com/articles/344107/20120522/ltn-looks-big-cap-gold-silver-miners.htm

For more information, go to www.ibtimes.com



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: ABX , AU , GG , KGC , NEM

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