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Geopolitical Uncertainty: Which Gold Stocks Are Analysts Playing?

PART:
1 2 3 4 5 6 7 8 9 10 11
Part 10
Geopolitical Uncertainty: Which Gold Stocks Are Analysts Playing? PART 10 OF 11

How Analysts View South African Gold Miners as 1Q17 Approaches

Performances of South African miners

Among all the categories of precious metal miners, South African miners have outperformed other categories of miners. As a group, they rose 12.2% in 1Q17. That’s higher than the 9.0% rise in the VanEck Vectors Gold Miners ETF (GDX).

How Analysts View South African Gold Miners as 1Q17 Approaches

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Sibanye Gold (SBGL) outperformed its South African peers with a quarterly rise of 24.8%. Gold Fields (GFI) also performed handsomely with a rise of 17.3%. Harmony Gold (HMY) and AngloGold Ashanti (AU) rose 10.9% and 2.5%, respectively, in 1Q17.

South African gold miners’ ratings

Among South African gold miners, AngloGold Ashanti is analysts’ favorite. It has the highest percentage of “buy” recommendations at 57.0%. Harmony Gold has the lowest percentage of “buy” recommendations at 0.0%. For Gold Fields, 46.0% of analysts have “hold” ratings.

Sibanye Gold has 17.0% “sell” ratings and 17.0% “buy” ratings. The above graph shows brokers’ recommendations and the percentage of upsides or downsides from the current prices.

Changes in ratings and target prices

Harmony Gold’s target price represents a potential upside of 10.3%. AngloGold and Sibanye Gold have higher upside potentials of 12.2% and 17.8%, respectively. Gold Fields’ target price represents a lower upside potential of 2.2%.

You can consider the VanEck Vectors Gold Miners ETF (GDX) and the SPDR Gold Shares (GLD) to get exposure to gold miners and spot gold prices. AngloGold Ashanti forms 4.5% of GDX’s holdings.

In the next part of this series, we’ll look at the key ratings changes for the above miners.

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