A little while ago, we let ourselves get carried away with an analysis of companies held by the Market Vectors Gold Miners ETF (GDX). Among other bits and pieces we looked at share price performance since last year's summer bottom and were surprised to learn that a gold miner by the name of Nevsun Resources (NSU) had outperformed all other companies held in this ETF hands down. The chart below illustrates this finding. To be sure to make our point: the second comers included the who-is-who of precious metal mining world-wide.
Nevsun Resources had blipped up our radar at times before but until this discovery we had dismissed the company as a candidate for further...
Only subscribers can access this article, which is part of the PRO research library covering 3,610 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: