June 2, 2021
Many investors want gold exposure without holding any of the precious metals directly. Some have gone the route of holding mining stocks and others have looked to ETFs like the VanEck Vectors Gold Miners ETF. However, there is an alternative way to think about Gold, by breaking stocks up into value, growth, and momentum you can find a stock that balances the needs of your portfolio. Value funds pick the best price-to-earnings ratios and are cheap to their intrinsic value. Look for Centerra Gold, Jaguar Mining, and Torex Gold Resources in this category. Growth stocks look at 50/50 weight of yearly revenue and quarterly earnings per share and the stocks in this category to watch out for are Karora Resources, Lundin Gold, and Endeavour Mining. Finally, momentum stocks outperform the market as a whole based on their recent price. These stocks include Hecla Mining, Sibanye-Stillwater, and K92 Mining.
FINSUM + Magnifi: This is an excellent way to think about stocks in larger sectors like gold. Value, growth, or momentum may be important complementary factors to the rest of your portfolio.
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