Nevsun Resources (NSU), Agnico-Eagle Mines (AEM), Randgold Resources (GOLD), Dominion Diamond (DDC), and Genpact (G) are the top five holdings of the Vanguard Precious Metal and Mining Investment Fund (VGPMX). VGPMX’s portfolio consists of stocks that are into precious metal producing, processing, and distributing. Except Nevsun Resources and Dominion Diamond, the other three stocks are trading above their respective 20-day and 100-day moving averages. The total financial portfolio of the VGPMX is trading below its 20-day, 50-day, and 100-day moving averages, signifying a downward trend for VGPMX.
Agnico-Eagle Mines, Randgold Resources, and Genpact are trading at 9.6%, 1.5%, and 6.8% above their respective 100-day moving averages. On the other hand, Dominion Diamond is trading below its 100-day and 20-day moving averages by 25.7% and 5.7%, respectively.
The table above shows the moving averages, forward target price, and returns of the top five holdings of the VGPMX.
Wall Street analysts indicate an upside of about 44.7% and 116.4% for Nevsun Resources and Dominion Diamond, respectively, from the current levels in the next 12 months. Also, Agnico Eagle Mines and Randgold Resources have an upside target of 19.3% and 26.1% from the current levels, as per Wall Street analysts. Public Storage, Simon Property Group, and Equity Residential have seen a sales growth of 11%, 7%, and 1%, respectively.
In the next article of the series, we will compare the historical performance of the VGPMX with its benchmark.