Zacks: Buy These 7 Gold Mining Stocks Now

July 23, 2016 by

gold600X300Analysts 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).

GDX-2016-07-23

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:

  1. Anglogold Limited (AU)
  2. B2Gold Corp. (BTG)
  3. Goldcorp Inc. (GG)
  4. Golden Star Resources, Ltd. (GSS)
  5. New Gold Inc. (NGD)
  6. Rangold Resources Limited (GOLD)
  7. 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%).

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Powered by WPeMatico