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> Gold Producers: Valuations Dip Amidst Strong Gold Prices
Post by
sdhaka on Aug 14, 2024 4:03pm
Gold Producers: Valuations Dip Amidst Strong Gold Prices
Gold Producers: Valuations Dip Amidst Strong Gold Prices Gold producer valuations fell 2.0% last week, marking a second consecutive decline, despite gold staying above US$2,000/oz. Average valuations are now 18% lower than during the last few instances when gold hit these levels. Noteworthy shifts: -
Barrick (GOLD): EV/EBITDA dropped significantly, hinting at short-term pressures. - Hecla Mining (HL): Highest EV/EBITDA in the group, despite a slight EV/Revenue dip. - Sibanye (SBSW): Lowest valuations, possibly a value play if you're bullish. Meanwhile, base metal producers saw a 0.8% rise. Is the market overly cautious on gold, or is this a buying opportunity? Thoughts?
read more: https://www.researchfrc.com/content/analyst-ideas/post/124/sp-rebounds-gold-ma-bitcoin-caution
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