Notable companies
The most notable companies in this group are Newmont Corp (NYSE:NEM), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI).
Industry description
The investment seeks long-term capital appreciation.
The fund normally invests at least 80% of the fund's net assets in investments related to precious metals. It invests any amount of the fund's total assets in equity securities of foreign issuers, including ADRs and similar investments. The fund invests up to 40% of its total assets in emerging market equity securities; and up to 25% of its total assets, at the time of purchase, in debt securities linked to precious metals and common or preferred stocks of subsidiaries of the fund that invest directly or indirectly in precious metals and minerals. It is non-diversified.
Market Cap
The average market capitalization across the Allspring Precious Metals Inst MF is 22.1B. The market cap for tickers in the group ranges from 5.79B to 42B. NEM holds the highest valuation in this group at 42B. The lowest valued company is AGI at 5.79B.
Volume
The average weekly volume growth across all stocks in the Allspring Precious Metals Inst MF was 36%. For the same stocks of the MF, the average monthly volume growth was 97% and the average quarterly volume growth was 30%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 34
P/E Growth Rating: 33
Price Growth Rating: 33
SMR Rating: 67
Profit Risk Rating: 22
Seasonality Score: 36 (-100 ... +100)