Last Week’s Top Gold Movers: Highland Gold Mining Ltd, Hochschild Mining Plc and Polyus Gold International Limited

Gold Bullion Securities Limited (LON:GBS) and SPDR Gold Trust (ETF) (LON:GLD) followed gold higher last week, while Highland Gold Mining Ltd (LON:HGM), Hochschild Mining Plc (LON:HOC)and Polyus Gold International Limited (LON:PGIL) all outperformed the price of gold.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

goldbarancoinsAs the emerging market sell-off gathered pace and US economic data wavered last week, gold put on a solid display and ended the week 1.8% higher at $1,267 per ounce.

Of course, the only practical way for most private investors to invest in gold is through exchange-traded funds. The largest gold ETF, the $32bn SPDR Gold Trust (NYSE: GLD.US), ended last week up by 1.4% at $122.17, while London-listed Gold Bullion Securities (LSE: GBS) ended the week up 1.6% at $121.40. Over the last twelve months, shareholders of Gold Bullion Securities have seen the value of their holdings fall by 27.1%, while the value of SPDR Gold Trust shares has fallen by 23.5%.

Gold mining stocks were fairly quiet last week, despite gold’s strength, but a number of individual miners did manage to outperform the price of gold:

Should you invest £1,000 in Abcam Plc right now?

When investing expert Mark Rogers has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Abcam Plc made the list?

See the 6 stocks

Highland Gold Mining (LSE: HGM) climbed 7.8% to 69p last week, continuing a run of strong momentum that has seen the Russia-based miner’s share price gain 22% over the last month. Despite this, the firm’s valuation remains modest, with a price-to-book ratio of approximately 0.5, and a forecast P/E rating of 8. Highland Gold didn’t report any new information last week, but the firm recently provided a trading update showing that gold production rose by 8% to a new record of 233,696 ounces in 2013, matching the firm’s guidance.

Hochschild Mining (LSE: HOC) gained 4.9% to 162p last week, cementing a 21% gain over the last month. Hochschild, which mines both silver and gold at its operations in Argentina, Peru and Mexico, recently raised $350m of debt to fund the purchase of International Minerals Corporation. But despite the recent strong performance of Hochschild’s shares price, analysts are downbeat on the firm’s near-term prospects, forecasting a 12% fall in revenues and falling earnings in 2014, along with a 10% cut to the firm’s dividend, which currently offers a yield of less than 1%.

Polyus Gold International (LSE: PGIL) rose by 6.7% to 195p last week. The gains came after the firm reported 2013 production of 1.65m ounces, up 5% on 2012, and at the upper end of the firm’s guidance of 1.59-1.68m ounces. However, the weaker price of gold has forced Polyus to slow the pace of its growth plans, and production is expected to remain flat in 2014, leading to expectations that earnings per share will fall this year.

5 Shares for the Future of Energy

Investors who don’t own energy shares need to see this now.

Because Mark Rogers — The Motley Fool UK’s Director of Investing — sees 2 key reasons why energy is set to soar.

While sanctions slam Russian supplies, nations are also racing to achieve net zero emissions, he says. Mark believes 5 companies in particular are poised for spectacular profits.

Open this new report5 Shares for the Future of Energy — and discover:

  • Britain’s Energy Fort Knox, now controlling 30% of UK energy storage
  • How to potentially get paid by the weather
  • Electric Vehicles’ secret backdoor opportunity
  • One dead simple stock for the new nuclear boom

Click the button below to find out how you can get your hands on the full report now, and as a thank you for your interest, we’ll send you one of the five picks — absolutely free!

Grab your FREE Energy recommendation now

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

> Roland does not own shares in any of the companies mentioned in this article.

More on Investing Articles

Investing Articles

Down 10% and 15% in a month! 2 cheap shares investors might consider buying with £2k today

It's always a good time to buy cheap shares! Harvey Jones picks out two FTSE 100 companies that have fallen…

Read more »

Young black colleagues high-fiving each other at work
Investing Articles

Here’s how £350 a month could put a stock market beginner on the road to wealth!

Interested in getting a foot on the stock market ladder? Our writer breaks down the facts and figures so aspiring…

Read more »

BUY AND HOLD spelled in letters on top of a pile of books. Alongside is a piggy bank in glasses. Buy and hold is a popular long term stock and shares strategy.
Investing Articles

The 5 most popular FTSE 100 shares on the AJ Bell trading platform

Our writer’s been looking at the FTSE 100’s most bought stocks on one particular investment platform. And he’s heartened by…

Read more »

Young Black man sat in front of laptop while wearing headphones
Investing Articles

Why isn’t everyone aiming for £37m in stocks and shares?

It’s never too early to start investing in stocks and shares through a SIPP or ISA. Dr James Fox explains…

Read more »

Happy couple showing relief at news
Investing Articles

Here’s how much an investor needs in an ISA to generate a £27,500 second income

Imagine creating a second income that's the equivalent of the average post-tax salary in the UK. Dr James Fox explains…

Read more »

Young woman working at modern office. Technical price graph and indicator, red and green candlestick chart and stock trading computer screen background.
Investing Articles

Here’s the Tesco share price forecast for the next 12 months!

Tesco's valuation has dropped to multi-year lows after recent share price weakness. Is now the time to consider buying the…

Read more »

Illustration of flames over a black background
Investing Articles

Just released: March’s higher-risk, high-reward stock recommendation [PREMIUM PICKS]

Fire ideas will tend to be more adventurous and are designed for investors who can stomach a bit more volatility.

Read more »

Investing Articles

I asked ChatGPT for the best FTSE 100 investment trust to buy… here’s what it said

There aren't many FTSE 100-listed investment trusts and according to ChatGPT there’s only one winner. Dr James Fox explores.

Read more »