Analysts at Zacks Research have identified a group of seven gold miners that deserve your investing dollars. Let’s take a look at them, as well as an ETF alternative.
Zacks notes that it currently ranks the gold mining sector within the top 3% of all industries they cover. That’s not surprising, considering the first half performance of the Market Vectors Gold Miners ETF (NYSE:GDX).
As you can see above, the GDX has surged nearly 110% this year as the once-beleaguered sector has rebounded nicely. While many analysts (us included) believe the miners’ rally has gotten a little long in the tooth, Zacks is still very bullish on a basket of individual names in particular. Here are the stocks they’ve issuing a “buy” on:
- Anglogold Limited (AU)
- B2Gold Corp. (BTG)
- Goldcorp Inc. (GG)
- Golden Star Resources, Ltd. (GSS)
- New Gold Inc. (NGD)
- Rangold Resources Limited (GOLD)
- Richmont Mines Inc. (RIC)
Time will tell if these individual picks will outperform the miners’ index, or if there’s more safety in sticking to a wider range across the entire industry.
The GDX closed at 28.78 on Friday, down $0.10 (-0.35%).
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