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Sally Jones
Sally Jones
Articles (580) 

Gurus Dig for Gold Bargains

May 30, 2013 | About:

With the price of gold on everyone’s mind, it could be time to look for gold bargains. According to GuruFocus research, a number of gold companies around the world are considered to be "Guru Bargains" at this time. A number of investor gurus bought gold company shares in the last quarter, taking a loss up front.

Here are four gold companies down more than 20% since the guru investors listed bought or recommended them. Allied Nevada Gold Corp. (ANV) is based in North America; the other three companies are headquartered in South Africa.

Company: Allied Nevada Gold Corp. (ANV)

As of March 31, 2013, Ray Dalio bought a new holding of 11,500 shares at an average price of $22.1 for a loss of 463.8%. The current share price is $7.55, with a change from average down 66%.

Allied Nevada Gold Corp. (ANV) has a market cap of $685.7 million. Its key ratios are a P/E of 16.40, and a P/S of 3.07.

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Company: Sibanye Gold Ltd. (NYSE:SBGL)

As of March 31, 2013, Jean-Marie Eveillard bought a new holding of the gold mining company for a little more than 9.8 million shares at an average price of $6 for a loss of 45.5%. The current share price is $3.03, with a change from average down 50%.

Down 48% over 12 months, Sibanye Gold Ltd. has an EV-to-EBIT ratio of 13.9.

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Company: Harmony Gold Mining Co. Ltd. (NYSE:HMY)

As of March 31, 2013, Ray Dalio bought a new holding of the gold mining company for 55,100 shares at an average price of $6.90 for a loss of 40%. The current share price is $3.79 with a change from average down 45%.

Down 58% over 12 months, Harmony Gold has a market cap of $1.74 billion, and a P/E of 5.50 and a P/S of 0.90.

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Company: Anglogold Ashanti Limited (NYSE:AU)

As of March 31, 2013, Ray Dalio bought a new holding of the gold mining company for 49,700 shares at an average price of $26.81 for a loss of 33.6%. The current share price is $16.76 with a change from average down 38%.

Down 51% over 12 months, Anglogold Ashanti has a market cap of $6.68 billion, and a P/E of 10.10 and a P/S of 1.10.

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Find many more Guru bargain stocks here.



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The GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.0/5 (5 votes)

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