How Major Gold Stocks Are Responding to the Brexit

By Chris Lange Updated Jan 13, 6:07AM EST · Published Jul 3, 6:43AM EDT

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How Major Gold Stocks Are Responding to the Brexit — © Thinkstock

Gold has been on an absolute tear in 2016, especially considering the currency fears that many had going into the Brexit vote. Now more than ever investors were looking to hedge their portfolios with Gold to protect themselves from the market fallout.

Although the Brexit did pull markets back across the board, everything seemingly recovered and then some after a few trading days. Considering this the Brexit looks to be just one big head fake.

24/7 Wall St. has picked some of the leading companies in this industry and tracked them since the Brexit. We have included a recent trading history, consensus analyst price target, and 52-week trading range.

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Barrick Gold Corp. (NYSE: ABX) saw its stock drop as low as $19.97 after the Brexit but since then it has made a solid recovery (10%). Shares of Barrick were last trading at $22.01, with a consensus analyst price target of $18.50 and a 52-week trading range of $5.91 to $22.14.

Newmont Mining Corp. (NYSE: NEM) watched its shares make a decent gain over the week with the stock up 7.9% during this time. Shares of Newmont were last trading at $40.13, with a consensus analyst price target of $39.47 and a 52-week trading range of $15.39 to $40.15.

Goldcorp Inc. (NYSE: GG) saw its shares rise about 6.9% over the course of the week. Shares were last trading at $19.64, with a consensus analyst price target of $20.32 and a 52-week trading range of $9.46 to $20.24.

Franco-Nevada Corp. (NYSE: FNV) saw its shares take only a slight increase of 8.4% since the Brexit vote. Shares were last trading at $78.52, with a consensus analyst price target of $66.81 and a 52-week trading range of $38.20 to $78.55.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.