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TOPGUN INVESTOR TRENDS 2011: GOLDCORP NOW TOPS THE GOLD AND SILVER COMPANIES FOR GLOBAL INVESTOR CONFIDENCE

August 5th, 2011 by TopGun Press

05Aug2011: The BRENDAN WOOD INTERNATIONAL global panel of institutional investors this year assigned Goldcorp their highest level of confidence, edging out Agnico-Eagle, which BWI found in the top position a year earlier. Both these firms, and Silver Wheaton Corp for silver mining, gained their top ratings for their competitive position and perceived investment potential. Even mighty Barrick, for example, was down in 9th place, and other big gold players like IAMGOLD, and Newmont (18th, and 20th, respectively) were even lower.

Top Five Precious Metals Firms in Global Investor Confidence
Goldcorp Inc.
Agnico-Eagle Ltd.
New Gold
Silver-Wheaton Corp.
Osaka Mining Corp.

Despite the large amount of publicity in recent months about precious metals and commodities as a hedge against expected coming inflation, professional investors did not tend to assign their highest confidence scores to these firms. Even the best ones got respectable, but not top scores, for factors like Confidence in the CEO or in Senior Management generally. More than for other sectors reported to BWI, these scores were influenced by geographical variation as well. For example, and somewhat surprisingly, U. S. investors did not assign high confidence scores to gold and silver companies in general, nothing like those assigned to top firms in other sectors, like Coca-Cola or FedEx. So metals are still clearly seen only as a useful hedge, not as a large replacement in core portfolios. Gold bugs may continue to despair.

For further information, contact Stewart Borden, sborden@brendanwood.com, or Johann Rodrigues, jrodrigues@brendanwood.com

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