Top 15 Buys of Van Eck Associates Corporation

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 |  Includes: ABX, AEM, APC, AU, DE, GG, GOLD, IAG, KGC, MON, NEM, NFX, SLB, SLW
by: The Analyst Hub

Van Eck Associates Corporation is a New York, NY-based investment advisory and hedge fund firm founded in 1955. The firm manages $29 Billion in equity assets in the Market Vectors series of funds and caters to investment firms, and pension and profit sharing plans.

Investment Strategy:
Van Eck Associates Corporation specializes in hard assets, as well as in emerging markets and gold sectors. The firm primarily employs a fundamental, value-oriented approach in making its core investments. For the emerging markets investments, Van Eck focuses on secular growth trends, including domestic consumptions, which significantly affect the economic performance of emerging markets. Investments are typically placed in small- and mid-cap stocks. For its gold investments, the firm uses a flexible, top-down approach in targeting mining companies with favorable reserves and production levels.

The following is a list of its top 15 buys by market value in the last quarter, as released in its most recent 13F filing with the SEC.

Stock

Symbol

Shares held

Barrick Gold Corporation

ABX

46309133

Goldcorp Inc.

GG

44337279

Newmont Mining Corp.

NEM

27341291

Iamgold Corp.

IAG

55947122

Agnico-Eagle Mines Ltd.

AEM

16277889

Randgold Resources Ltd.

GOLD

11855498

Silver Wheaton Corp.

SLW

22199254

Kinross Gold Corporation

KGC

62091974

Anglogold Ashanti Ltd.

AU

19933546

Deere & Company

DE

5928780

Anadarko Petroleum Corporation

APC

7616639

Monsanto Co.

MON

7768177

Schlumberger Limited

SLB

6361509

Newfield Exploration Co.

NFX

7836801

Alpha Natural Resources

ANR

9733530

Click to enlarge

Here are some of the specifics about these companies, including a brief description of their business, growth rates (top-line and bottom-line) and Valuation:


Barrick Gold Corporation

Van Eck Associates Corporation purchased 20610381 shares of Barrick Gold Corporation last quarter and now holds a total of 46309133 shares. This position is 6.37% of its portfolio. Share price of Barrick Gold Corporation has decreased from $53.18 on December 31, 2010 to $51.91 on March 31, 2011.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. It also produces copper, and hold interests in oil and gas properties located in Canada through its oil and gas subsidiary, Barrick Energy. Its EPS forecast for the current year is 4.20 and next year is 4.36. According to the consensus estimates, its top line is expected to grow 15.30% current year and 2.70% next year. It is trading at a forward P/E of 11.69. Out of 24 analysts covering the company, 21 are positive and have buy recommendations and 3 have hold ratings.

Goldcorp Inc.

Van Eck Associates Corporation purchased 20841068 shares of Goldcorp Inc. last quarter and now holds a total of 44337279 shares. This position is 5.85% of its portfolio. Share price of Goldcorp Inc. has increased from $45.98 on December 31, 2010 to $49.8 on March 31, 2011.

Goldcorp Inc. is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Its EPS forecast for the current year is 2.22 and next year is 2.78. According to the consensus estimates, its top line is expected to grow 42.30% current year and 15.30% next year. It is trading at a forward P/E of 20.08. Out of 19 analysts covering the company, 15 are positive and have buy recommendations, 1 has a sell recommendation and 3 have hold ratings.

Newmont Mining Corporation

Van Eck Associates Corporation purchased 13993375 shares of Newmont Mining Corporation last quarter and now holds a total of 27341291 shares. This position is 3.95% of its portfolio. Share price of Newmont Mining Corporation has decreased from $61.43 on December 31, 2010 to $54.58 on March 31, 2011.

Newmont Mining Corporation is a gold producer. Its operating segments include North America, South America, Asia Pacific and Africa. Its North America segment consists primarily of Nevada in the United States, La Herradura in Mexico and Hope Bay in Canada. Its EPS forecast for the current year is 4.20 and next year is 4.54. According to the consensus estimates, its top line is expected to grow 12.90% current year and 3.60% next year. It is trading at a forward P/E of 40.23. Out of 19 analysts covering the company, 9 are positive and have buy recommendations, 1 has a sell recommendation and 9 have hold ratings.

IAMGOLD Corporation

Van Eck Associates Corporation purchased 27906535 shares of IAMGOLD Corporation last quarter and now holds a total of 55947122 shares. This position is 3.26% of its portfolio. Share price of American Tower Corporation has increased from $17.8 on December 31, 2010 to $22.02 on March 31, 2011.

IAMGOLD Corporation is a gold mining company producing approximately one million ounces annually from eight gold mines on three continents. IAMGOLD also operates Niobec, a niobium mine in the Canadian province of Quebec. Its EPS forecast for the current year is 1.37 and next year is 1.24. According to the consensus estimates, its top line is expected to grow 37.00% current year and decline 5.40% next year. It is trading at a forward P/E of 16.73. Out of 11 analysts covering the company, 8 are positive and have buy recommendations and 3 have hold ratings.

Agnico-Eagle Mines Limited

Van Eck Associates Corporation purchased 8143573 shares of Agnico-Eagle Mines Limited last quarter and now holds a total of 16277889 shares. This position is 2.86% of its portfolio. Share price of Agnico-Eagle Mines Limited has decreased from $76.7 on December 31, 2010 to $66.35 on March 31, 2011.

Agnico-Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. It operates through four segments: Canada, Europe, Latin America and the United States. Its EPS forecast for the current year is 2.75 and next year is 3.54. According to the consensus estimates, its top line is expected to grow 27.90% current year and 11.10% next year. It is trading at a forward P/E of 19.65. Out of 17 analysts covering the company, 7 are positive and have buy recommendations, 1 has a sell recommendation and 9 have hold ratings.

Randgold Resources Ltd.

Van Eck Associates Corporation purchased 5915622 shares of Randgold Resources Ltd. last quarter and now holds a total of 11855498 shares. This position is 2.56% of its portfolio. Share price of Randgold Resources Ltd. has decreased from $82.33 on December 31, 2010 to $81.54 on March 31, 2011.

Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. Its activities are focused on West and Central Africa. In Mali, it has an 80% controlling interest in the Loulo mine through Societe des Mines de Loulo S.A. (Somilo). Its EPS forecast for the current year is 3.92 and next year is 5.70. According to the consensus estimates, its top line is expected to grow 111.90% current year and 28.60% next year. It is trading at a forward P/E of 15.18. Out of 8 analysts covering the company, 6 are positive and have buy recommendations and 2 have hold ratings.

Silver Wheaton Corp.

Van Eck Associates Corporation purchased 10463858 shares of Silver Wheaton Corp. last quarter and now holds a total of 22199254 shares. This position is 2.55% of its portfolio. Share price of Silver Wheaton Corp. has increased from $39.04 on December 31, 2010 to $43.36 on March 31, 2011.

Silver Wheaton Corp. is a mining company, which generates its revenue primarily from the sale of silver. The Company has nine business segments: the silver produced by the Luismin, Zinkgruvan, Yauliyacu, Penasquito, Cozamin, Barrick and Other mines, the silver and gold produced by the Minto mine and corporate operations. Its EPS forecast for the current year is 1.66 and next year is 1.84. According to the consensus estimates, its top line is expected to grow 82.70% current year and 6.40% next year. It is trading at a forward P/E of 22.07. Out of 11 analysts covering the company, 6 are positive and have buy recommendations and 5 have hold ratings.

Kinross Gold Corporation

Van Eck Associates Corporation purchased 28212148 shares of Kinross Gold Corporation last quarter and now holds a total of 62091974 shares. This position is 2.59% of its portfolio. Share price of Kinross Gold Corporation has decreased from $18.96 on December 31, 2010 to $15.75 on March 31, 2011.

Kinross Gold Corporation is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its EPS forecast for the current year is 0.68 and next year is 0.94. According to the consensus estimates, its top line is expected to grow 26.30% current year and 10.00% next year. It is trading at a forward P/E of 16.85. Out of 19 analysts covering the company, 11 are positive and have buy recommendations and 8 have hold ratings.

AngloGold Ashanti Limited

Van Eck Associates Corporation purchased 8957518 shares of AngloGold Ashanti Limited last quarter and now holds a total of 19933546 shares. This position is 2.53% of their portfolio. Share price of AngloGold Ashanti Limited has decreased from $49.23 on December 31, 2010 to $47.95 on March 31, 2011.

AngloGold Ashanti Limited is a global producer of gold. AngloGold Ashanti has 21 operations and a number of exploration programs in gold-producing regions of the world. Its EPS forecast for the current year is 4.07 and next year is 4.23. According to the consensus estimates, its top line is expected to grow 22.40% current year and 2.40% next year. It is trading at a forward P/E of 12.05. Out of 4 analysts covering the company, 2 are positive and have buy recommendations and 2 have hold ratings.

Deere & Company

Van Eck Associates Corporation purchased 3361581 shares of Deere & Company last quarter and now holds a total of 5928780 shares. This position is 1.52% of its portfolio. Share price of Deere & Company has increased from $83.05 on December 31, 2010 to $96.89 on March 31, 2011.

Deere & Company, together with its subsidiaries operates in three business segments: agriculture and turf, construction and forestry and credit. Its EPS forecast for the current year is 6.23 and next year is 7.23. According to the consensus estimates, its top line is expected to grow 20.00% current year and 9.30% next year. It is trading at a forward P/E of 13.48. Out of 19 analysts covering the company, 14 are positive and have buy recommendations and 5 have hold ratings.

Anadarko Petroleum Corporation

Van Eck Associates Corporation purchased 3932634 shares of Anadarko Petroleum Corporation last quarter and now holds a total of 7616639 shares. This position is 1.65% of its portfolio. Share price of Anadarko Petroleum Corporation has increased from $76.16 on December 31, 2010 to $81.92 on March 31, 2011.

Anadarko Petroleum Corporation is an independent oil and natural gas exploration and production company. Anadarko operates in three operating segments: oil and gas exploration and production, midstream, and marketing. Its EPS forecast for the current year is 2.88 and next year is 4.00. According to the consensus estimates, its top line is expected to grow 18.10% current year and 14.70% next year. It is trading at a forward P/E of 19.73. Out of 32 analysts covering the company, 17 are positive and have buy recommendations, 2 have sell recommendations and 13 have hold ratings.

Monsanto Company

Van Eck Associates Corporation purchased 4383510 shares of Monsanto Company last quarter and now holds a total of 7768177 shares. This position is 1.49% of its portfolio. Share price of Monsanto Company has increased from $69.64 on December 31, 2010 to $72.26 on March 31, 2011.

Monsanto Company, along with its subsidiaries, is a provider of agricultural products for farmers. The Company's seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. Its EPS forecast for the current year is 2.83 and next year is 3.36. According to the consensus estimates, its top line is expected to grow 8.40% current year and 8.30% next year. It is trading at a forward P/E of 20.25. Out of 23 analysts covering the company, 11 are positive and have buy recommendations, 1 has a sell recommendation and 11 have hold ratings.

Schlumberger Limited

Van Eck Associates Corporation purchased 3302589 shares of Schlumberger Limited last quarter and now holds a total of 6361509 shares. This position is 1.57% of its portfolio. Share price of Schlumberger Limited has increased from $83.5 on December 31, 2010 to $93.26 on March 31, 2011.

Schlumberger Limited is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. Schlumberger consists of five business segments: Schlumberger Oilfield Services, WesternGeco, M-I SWACO, Smith Oilfield and Distribution. Its EPS forecast for the current year is 3.74 and next year is 5.10. According to the consensus estimates, its top line is expected to grow 39.90% current year and 16.80% next year. It is trading at a forward P/E of 17.59. Out of 37 analysts covering the company, 32 are positive and have buy recommendations, 1 has a sell recommendation and 4 have hold ratings.

Newfield Exploration Company

Van Eck Associates Corporation purchased 4050548 shares of Newfield Exploration Company last quarter and now holds a total of 7836801 shares. This position is 1.58% of its portfolio. Share price of Newfield Exploration Company has increased from $72.11 on December 31, 2010 to $76.01 on March 31, 2011.

Newfield Exploration Company is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas properties. The Company’s domestic areas of operation include the Mid-Continent, the Rocky Mountains, onshore Texas, Appalachia and the Gulf of Mexico. Its EPS forecast for the current year is 4.90 and next year is 6.14. According to the consensus estimates, its top line is expected to grow 43.90% current year and 19.40% next year. It is trading at a forward P/E of 11.53. Out of 29 analysts covering the company, 19 are positive and have buy recommendations, 1 has a sell recommendation and 9 have hold ratings.

Alpha Natural Resources

Van Eck Associates Corporation purchased 5162359 shares of Newfield Exploration Company last quarter and now holds a total of 9733530 shares. This position is 1.58% of its portfolio. Share price of Newfield Exploration Company has decreased from $60.03 on December 31, 2010 to $59.37 on March 31, 2011.

Alpha Natural Resources, Inc. is a coal supplier in the United States. The Company is a supplier and exporter of metallurgical coal for use in the steel-making process, and a supplier of thermal coal to electric utilities and manufacturing industries. It operates 66 mines and 13 coal preparation plants in Northern and Central Appalachia and the Powder River Basin. Its EPS forecast for the current year is 4.67 and next year is 6.20. According to the consensus estimates, its top line is expected to grow 17.30% current year and 8.00% next year. It is trading at a forward P/E of 8.98. Out of 20 analysts covering the company, 14 are positive and have buy recommendations, 1 has a sell recommendation and 5 have hold ratings.



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.