Gold Shines Brighter Than AI-Driven Semiconductor Stocks: 7 Mining Stocks To Watch With Prices At Record Highs
Written by Emily J. Thompson, Senior Investment Analyst
Source: Business Insider
- Gold Mining Industry Outperformed Semiconductor Sector: Gold miners, represented by the VanEck Gold Miners ETF, surged 15% since late February, surpassing the rise of AI-related semiconductor stocks.
- Investor Interest in Gold Miners: Growing concerns over high stock valuations led investors to seek more affordable options like gold miners with attractive valuations and a forward P/E ratio of 18x.
- Inflows into Gold Mining ETF: The VanEck Gold Miners ETF saw inflows of over $350 million since mid-February, reversing earlier outflows and indicating renewed investor interest.
- Technical Signals Favorable for Gold Miners: The golden cross pattern appeared on gold mining stocks, with prices surging above both the 50-day and 200-day moving averages, signaling a potential bull market.
- Top Performing Mining Stocks in March: Genesis Minerals Limited, Torex Gold Resources Inc., Coeur Mining, and others showed significant price changes this month along with their current valuation metrics.
Analyst Views on AU
Wall Street analysts forecast AU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AU is 104.40 USD with a low forecast of 90.00 USD and a high forecast of 131.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 103.050
Low
90.00
Averages
104.40
High
131.00
Current: 103.050
Low
90.00
Averages
104.40
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in 10 countries, across four continents. The Company’s diverse portfolio includes approximately 11 operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. The Company’s portfolio includes Africa, the Americas, and Australia. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). The Americas hosts three of its operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a significant new greenfield development in Nevada in the United States. Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
