Newmont Mining Corp. (NYSE: NEM) traded at $47.30 and is worth almost $23.5 billion. The consensus target price from Thomson Reuters is $69.26 and the 52-week trading range is $43.23 to $72.42. Newmont’s most recent yield was listed as about 3%. The implied upside to the consensus target is 46% and that target price is more than $3.00 under the 52-week high.
AngloGold Ashanti Ltd. (NYSE: AU) recently traded at $35.00 and the consensus target from Thomson Reuters of $53.02 compares to a 52-week trading range of $30.70 to $49.14. The yield here is about 1.2%. The implied upside to the consensus target is about 51% but this is one where the consensus target is above the 52-week high.
Kinross Gold Corporation (NYSE: KGC) recently traded at $7.95 with a market value of $9.05 billion. The consensus target price from Thomson Reuters is still $13.26 and the 52-week range is $7.11 to $18.25. Kinross yields about 2.1%. The implied upside to the consensus target is almost 67% and the target price is well under the 52-week high due to its problems.
Agnico-Eagle Mines Ltd. (NYSE: AEM) traded at $37.07 with a market value of $6.3 billion. The consensus target price from Thomson Reuters is $44.76 and the 52-week range is $31.42 to $73.09. Agnico-Eagle’s dividend yields is about 2.2%. The implied upside to the consensus target is “only” about 20% higher than the price today and that is way down from its 52-week high.
Gold Fields Ltd. (NYSE: GFI) traded at $12.67 with a market value of $9.1 billion. The consensus target price from Thomson Reuters is $19.55 and the 52-week trading range is $11.71 to $18.49. The indicated dividend yield of 5.1% may be exaggerated here because the last semi-annual payout was so much higher in dollar terms than any recent payout. We would not count on that dividend as a permanent issue. The implied upside to the consensus target is about 54% and that target price is less than $1.00 above its 52-week high.
Yamana Gold, Inc. (NYSE: AUY) traded at $14.02 with a market value of $10.4 billion. The consensus target from Thomson Reuters is $20.71 and the 52-week range is $11.10 to $18.16. The indicated dividend yield is 1.6%. The implied upside to the consensus target is about 47% but we would note that this target price sits about 14% above its 52-week high.
IAMGOLD Corp. (NYSE: IAG) traded at $9.89 with a market value of $3.7 billion. The consensus target price from Thomson Reuters is $20.04 and the 52-week trading range is $9.20 to $23.88. The annual dividend is listed as over 1%. The implied upside to the consensus target leaves over 100% in implied upside and that target is still almost 15% shy of the 52-week high.
Harmony Gold Mining Co. Ltd. (NYSE: HMY) traded at $9.40 with a value of $4.05 billion. The consensus target price from Thomson Reuters is $14.75 against a 52-week range of $8.64 to $15.10. The indicated dividend yield is 1.20%. The implied upside to the consensus target is about 56% and that target is just under the 52-week high.
Eldorado Gold Corp. (NYSE: EGO) traded at $11.10 and has a market value of $7.9 billion. The consensus target price from Thomson Reuters is $20.38 and the 52-week range is $10.20 to $22.12. We are not showing a dividend yield here because of limited history and different payouts. The implied upside to the consensus target is about 83% and that price target is still about 10% under the 52-week high.
Royal Gold, Inc. (NASDAQ: RGLD) traded at $66.60 with a market value of just under $4 billion. The consensus target is now $84.63 and the 52-week trading range is $55.00 to $83.87. Royal Gold has a dividend yield just shy of 1.0%. The implied upside to the consensus target is ‘only’ about 27% and that consensus target is almost $1.00 over the 52-week high.
Silver Wheaton Corp. (NYSE: SLW) is a pounded silver mining player that traded at $25.70 with a $9.1 billion market capitalization. The consensus target is $45.32 against a 52-week range of $22.94 to $42.50. Silver Wheaton’s dividend yield is indicated around 1.3%. The consensus target implies upside of almost 77% but we would note that this target is almost $3.00 above the 52-week high in the stock.
Pan American Silver Corp. (NASDAQ: PAAS) has also been pounded and the stock’s value of over $1.7 billion is less than half of what it used to be within the last year. Pan American traded at $16.52 with a $1.74 billion market value. The consensus target is $27.88 against a 52-week range of $14.80 to $34.59. Pan American Silver’s dividend yield is implied at about 0.9%. The consensus target implies upside of about 68% and that is well within the 52-week range.
JON C. OGG
