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ValuEngine.com Rates Gold Miners as Metal Soars to New Highs

|Includes:ABX, AEM, AU, AUQ, GFI, GG, KGC, NEM, NSU, Tanzanian Royalty Exploration Corp. (TRX)

All that Glitters

ValuEngine.com Rates Gold Miners as Metal Soars to New Highs

  Amidst all the controversy in Washington over the debt ceiling increase, one asset class is doing extremely well--gold.  The metal hit a new record high yesterday at $1612.20/oz. for the Comex August contract.  Analysts argue that uncertainty over sovereign debt in a variety of nations--including the US--is driving the flight to gold.

 Below, we present the latest data on gold mining stocks from our Institutional software package (Pending:VEI).  This is a list of the top ten tickers in our database.  We applied some basic liquidity criteria--share price greater than $3 and average daily volume in excess of 100k shares.  We sorted the results by short-term forecast returns. 

Ticker
Name
Mkt Price
Valuation(%)
Last 12-M Retn(%)
5-Yr Retn(%)
Forecast 1-Month Retn(%)
Forecast 1-Yr Retn(%)
P/E Ratio
TRX
TANZANIAN ROYAL
6.34
   
N/A
28.08
   
N/A
3.07
1.42
7.02
ABX
BARRICK GOLD CP
49.76
-5.39
18.59
11.04
2.26
5.25
12.91
NEM
NEWMONT MINING
58.41
1.84
0.07
1.82
2
4.88
13.85
AUQ
GAMMON GOLD INC
12.77
15.2
128.04
-8.27
1.93
2.33
19.88
GG
GOLDCORP INC
53.55
-0.68
32.39
13.73
1.67
4.79
28.12
AU
ANGLOGOLD LTD
43.83
-4.27
10.21
-2.81
1.61
2.97
21.92
AEM
AGNICO EAGLE
62.06
-14.54
8.86
16.32
1.58
2.3
39.88
KGC
KINROSS GOLD
17.39
-7.54
6.49
11.75
1.53
3.22
27.94
NSU
NEVSUN RESOURCS
6.3
10.59
78.98
30.45
1.51
2.87
16.88
GFI
GOLD FIELDS-ADR
15.55
-1.31
20.08
-6.6
1.41
2.54
27.28
Click to enlarge
Stocks: TRX, ABX, NEM, AUQ, GG, AU, AEM, KGC, NSU, GFI