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Sector Update: Shopping 36 Metals & Mining Companies at 52-week low

Sally Jones

Sally Jones

49 followers
With all the lows in companies mining for gold, silver, copper, platinum and palladium, it could be time to go shopping in the metals and mining sector. Back in April, the metals and mining sector showed 118 companies at a 52-week low. This week there are only 36 out of 173 companies at a 52-week low, with a low ratio of 0.21. Here’s a look at a few highlights from mining companies around the world.

81.2% off high

Mexico and Argentina: Golden Minerals Co. (AUMN)

The GuruFocus 52-week low screener reveals that Golden Minerals Co. (AUMN) is at a 52-week low of $1.36 (high was $7.22). According to the GuruFocus Value Screen for 52-week lows, AUMN is 81.2% off high.

Golden Minerals Co. is an emerging precious metals producer engaged in the operation and further development of its recently acquired Velardeña mines in Mexico, and in the advancement of silver exploration property in Argentina.

Trading histories show that Jim Simons was the last guru to sell out at the end of first quarter 2013.

Historical pricing:

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77.4% off high

Australia and Indonesia: Kingrose Mining Limited (KGRSY)

The GuruFocus 52-week low screener reveals that Kingrose Mining Limited (KGRSY) is at a 52-week low of $1.58 (high was $7.00). According to the GuruFocus Value Screen for 52-week lows, KGRSY is 77.4% off high.

Down 75% over 12 months, Kingrose Mining Limited is a specialist high grade, narrow vein underground gold miner, reporting 2012 production totals of 37,650 oz. of gold and 432,754 oz. of silver. Based in Australia, the company has an 85% interest in the Way Lingo Project in South Sumatra, Indonesia.

The company has a market cap of $106.1 million and trades with a P/E of 6.90 and a P/B of 2.00.

The current share price is $1.58.

GuruFocus research shows one warning sign: The company’s per share revenue has been in decline since June 2008.

No gurus currently hold shares.

Historical pricing:

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73% off high

Kazakhstan: Kazakhmys PLC (KZMYY)

The GuruFocus 52-week low screener reveals that the central Asia company Kazakhmys PLC (KZMYY) is also at a 52-week low of $2.09 (high was $7.73). According to the GuruFocus Value Screen for 52-week lows, KZMYY is 73.0% off high, and has a yield of 2.30%.

Down 55% over 12 months, KZMYY has a market cap of $2.19 billion and trades with a P/E of 3.10 and a P/B of 0.30.

Kazakhmys PLC produces and sells copper. It is the largest copper producer in Kazakhstan and the eleventh-largest in the world. The company also produces and sells significant quantities of zinc, silver and gold as by-products. Additionally, Kazakhmys PLC is the largest power provider in Kazakhstan, managing over 20% of the country's supply.

No gurus are currently holding shares.

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Three additional metals and minerals companies have bounced out of the 52-week low screener since the last metals and mining sector update:

Alaska: Novagold Resources Inc. (NG)

Novagold Resources Inc. (NG) has a market cap of $874.6 million. The current share price is $2.81.

Novagold Resources owns and mines gold properties, along with significant copper and silver resources. The company owns a 50% stake in Alaska’s gold-rich Donlin Creek and other properties.

A number of billionaire investors hold shares of this gold mining company, including the largest Guru stakeholder John Paulson, for over 35.9 million shares, and Seth Klarman, Jim Simons and Murray Stahl. Steven Cohen sold out as of first quarter 2013.

Historical prices:

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Russia: Polyus Gold (OPYGY)

Down 5% over 12 months, Polyus Gold (OPYGY) is the largest gold producer in Russia and the third largest gold mining company in the world. The company has a market cap of $3.55 billion and trades at a P/E of 83.20 and a P/B of 177.60.

A company with high-quality reserves and a long mine life, Polyus Gold controls around 87.5 million ounces of gold reserves as of 2012. The company’s revenue growth (annual rates per share) is 87% over five years.

Historical pricing:

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Chile: Antofagasta PLC (ANFGY)

Down 23% over 12 months, copper mining company Antofagasta PLC (ANFGY), based in Chile's Antofagasta Region has a market cap of $13.49 billion and trades with a P/E of 12.70 and a P/B of 1.40. The current share price is $26.79.

Here are the historical share prices for this copper, metals and minerals company. Antofagasta PLC also has interests in water distribution.

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Check out the GuruFocus special feature 52-week low screener. This special feature helps you find the stocks hitting new lows but that are still held by top investor Gurus and Insiders.

If billionaire Gurus own these stocks and are still increasing their positions, it means that they believe the stocks are undervalued. Researching these stocks may help you find deep valued stocks.

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: 3.6/5 (7 votes)

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