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Battered prices and vows of corporate discipline have given new life to gold mining stocks,...

  • Wednesday, August 29, 2012, 10:54 AM ET
    Battered prices and vows of corporate discipline have given new life to gold mining stocks, which have recently outpaced the metal itself, and some investment pros say the shares are still bargains. The largest gold miners are valued at an average of 14.5x earnings, below the overall S&P 500 average of 15.9x and the miners' historical average of 30x.
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    We recommended NEM to our clients and blog followers along with selling a $60 call going out to Jan. 2014. The option is currently trading at a bid of $2.76, add that to your dividends brings your annual return to approx. 4% if the stock is not called away for an excellent capital gain. For full details go to blog.myoaktreeadvisors...
    29 Aug 2012, 11:26 AM Reply Like
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