1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
matsandalex
matsandalex
Articles (245) 

Sprott Favors Gold Stocks

Eric Sprott is perhaps the most widely known silver bull on the planet. Sprott (SII.TO) released earnings this morning that showed sluggish performance at the flagship hedge fund and renewed bullishness on gold mining stocks.

Sprott is "confident in its physical metals position and believes the current market environment presents unique opportunities to invest in precious metals-related equities, many of which are trading at historically wide spreads to bullion prices," Sprott chief executive officer Peter Grosskopf said as the firm released third-quarter results.

The Sprott Hedge fund is down about 12.6% on the year. His favorite precious metals stocks are Barrick Gold (NYSE:ABX), Osisko Mining (OSK.TO), Kirkland Lake (KGI.TO) and Silver Wheaton (NYSE:SLW).

In the video below, Sprott outlines that the main reasons for owning precious metals is fragility in the banking system.


Rating: 3.3/5 (8 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


jpraschnikGreenblatt - Magic Formula
soho_analogBuy%20Back%20rate
pbarker46Shiller PE
wwygeraBuying #1
dwilsherBuy Back rate
rafamarferFundamentals
psinghppm(EV/MC)+(P-50)_gbl
valueinvestment101-Industry
maurits_halimPBV based good companies (IDX)
maurits_halimPBV based good companies (Japa
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK