Hottest Gold-Mining Stock: Yamana Tops Poll
Yamana Gold
(AUY) - Get Report
ran away with this week's poll asking you,
the TheStreet.com
reader, to nominate the strongest gold play in equities. Yamana scored a whopping 52% of the votes.
During a week that saw the price of an ounce of gold approach the mythic $1,000 level -- as investors sought safe havens and made speculative moves betting on inflation -- shares of mining companies specializing in the yellow metal spiked as well. Yamana was among the leading gainers. Its stock added 13.6% this week, ending trading Friday at $10.60.
Goldcorp
(GG)
took a distant second in our survey, garnering 14.1% of your clicks. Its shares closed the week at $41.50, up almost 12% on the week.
Agnico-Eagle Mines
(AEM) - Get Report
, which took home some 13% of the vote, saw its stock rocket to $67.26 by week's end, gaining 14.6%.
Barrick Gold
(ABX)
,
Newmont Mining
(NEM) - Get Report
and
AngloGold Ashanti
(AU) - Get Report
garnered 10.7%, 6.9% and 3.8%, respectively.
-- Written by Scott Eden in New York
Follow TheStreet.com on
and become a fan on
Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.
