Gold climbs to six-month peak on waning risk appetite
Gold climbs to six-month peak on waning risk appetite
Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fueled risk aversion, prompting investors to seek refuge in the metal.
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Notable companies
The most notable companies in this group are Newmont Corp (NYSE:NEM), Wheaton Precious Metals Corp (NYSE:WPM), Kinross Gold Corp (NYSE:KGC), Gold.com Inc. (NYSE:GOLD).
Industry description
The investment seeks long-term capital appreciation.
The fund normally invests at least 80% of its net assets in equity securities of foreign and domestic issuers principally engaged in gold related activities and gold bullion. The adviser focuses on stocks that are undervalued, but which appear to have favorable prospects for growth. Because most of the world's gold production is outside of the United States, the advisor expects that a significant portion of the fund's assets may be invested in securities of foreign issuers, including those located in emerging markets.
Market Cap
The average market capitalization across the Gabelli Gold AAA MF is 58.38B. The market cap for tickers in the group ranges from 1.6B to 140.04B. NEM holds the highest valuation in this group at 140.04B. The lowest valued company is GOLD at 1.6B.
Volume
The average weekly volume growth across all stocks in the Gabelli Gold AAA MF was 736%. For the same stocks of the MF, the average monthly volume growth was -40% and the average quarterly volume growth was -29%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 44
Price Growth Rating: 33
SMR Rating: 50
Profit Risk Rating: 18
Seasonality Score: 60 (-100 ... +100)