2 Gold Mining Stocks Poised to Shine Bright After That Correction

Corroborated by 3 sources from 3 publishers

middle_eastbusiness1h ago

TL;DR

Reports differ across sources; according to finance.yahoo.com, quick Read - VanEck Gold Miners ETF (GDX), AngloGold Ashanti (AU), and Gold Fields (GFI) have declined 30%, 33%, and 35% respectively as gold enters a bear market, though miners could multiply gains once gold turns a corner given their low valuations (AU at 16.5x trailing P/E, GFI at 10.2x trailing P/E) and operating leverage.

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