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Prospecting for Gold Stocks

Value Level: The price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: is the price at which to enter a GTC limit order to sell on strength.

Barrick Gold (ABX) ($34.23 vs. $40.16 on Sept. 10): Is trading well below its 200-day SMA at $38.53 after a 12 month decline of 21.9%. The stock has a single digit 12 month trailing P/E of 8.9. My monthly value level is $32.03 with my semiannual risky level at $37.60, and 200-week SMA at $42.35.

Agnico Eagle Mines (AEM) ($53.45): Has outperformed the other gold miners profiled today with a 12 month gain of 41.1%. The stock has an elevated 12 month trailing P/E of 28.4 and is trading well above its 200-day SMA at $43.85. This is not the stock to prospect as it has failed to take out its 200-week SMA at $56.34 for the past eight weeks. My quarterly value level is $50.06 with my semiannual risky level at $58.61.

AngloGold (AU - Get Report) ($29.90 vs. $34.18 on Sept. 10): Is the worst performer over the last 12 months trading lower by 28.8%. The stock is well below its 200-day SMA at $34.26, has a single-digit 12 month trailing P/E at 9.4 and set a multi-year low at $29.58 on Nov. 28. My weekly value level is $29.07 with a monthly pivot at $30.12 and quarterly risky level at $34.75.

Gold Fields (GFI - Get Report) ($11.70 vs. $13.31 on Sept. 10): Is trading well below its 200-day SMA at $12.87 after a 12 month decline of 20.7%. The stock has a single-digit 12 month trailing P/E at 8.9 and set a multi-year low at $11.09 on Dec. 7. My monthly value level is $11.45 with a weekly pivot at $11.87 and semiannual risky level at $12.89.

Goldcorp (GG - Get Report) ($36.82): Is trading well below its 200-day SMA at $40.37 after a 12 month decline of 18.1%. The stock has a slightly elevated 12 month trailing P/E at 18.7. My semiannual value level is $34.53 with a weekly pivot at $37.19 and quarterly risky level at $47.21.

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SYM TRADE IT LAST %CHG
AU $9.86 0.00%
GFI $4.37 0.00%
GG $18.43 0.00%
KGC $2.36 0.00%
NEM $22.23 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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