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Which Gold Miners Could Offer Valuation Upsides after Q2 2018?

Annie Gilroy
Which Gold Miners Could Offer Valuation Upsides after Q2 2018?

The average ratio of the NYSE Arca Gold Miners Index and the S&P 500 Index (SPY) is 0.18 compared to the ten-year average of 0.68. While the valuations of broader equities have continued to increase, the valuations of gold stocks haven’t kept the pace, and the ratio has fallen. In this article, we’ll see how individual gold miners look based on their valuations and compared to their histories and their peers.