New York, NY, December 9th, 2024 (TopGun Press)
Below are some of the most topical Metals & Mining Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. If you would like more detailed shareholder conviction intelligence on Global Metals & Mining companies, please contact Gordon Peck or Jordan Novak.
ERO Copper
Commitment to Own ERO Copper has decreased for the year ahead. Investor confidence in the Balance Sheet and Price Appreciation has also declined thus far in 4Q with investors questioning their ability to execute specifically on their Tucumã project.
First Quantum Minerals
Materials investors are recognizing First Quantum as one of the top names in sector with respect to Price Appreciation Potential. Investor confidence in First Quantum’s Strategy, Disclosure, CEO, Balance Sheet, Momentum and Short Term Growth outlook have all ticked upwards in 4Q 2024. Investors have said First Quantum are managing a difficult situation effectively and have a lot of opportunity from here with one investor speaking for many when saying “First Quantum just needs one good news event, and it could be a double.”
Newmont Corporation
Newmont investors and potential investors have been more negative on the company so far this quarter compared with the quarter before. Investors specifically highlight their disclosure/communication as needing improvement given the changes Newmont has made to their practices. Investors are still not fully onboard with their Long-Term Growth and haven’t been very excited with how Newcrest has been integrated.
Largest Changes in Commitment to Own Scores – Metals & Mining Sector
(YE 4Q 2024 as of December 5th vs. YE 3Q 2024)
Torex Gold Resources: 3.1%
Aya Gold & Silver Inc: 3%
K92 Mining Inc: 2.9%
Seabridge Gold Inc: 1.6%
SSR Mining: -4.8%
Champion Iron Ltd: -4.4%
Barrick Gold Corp.: -4.2%
B2Gold Corp: -2.9%
If you would like to subscribe to the BWI Shareholder Confidence Intel including full reports on individual companies with verbatim please see contacts below.
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Relying on its real time intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. There are 2000+ live consultations with investment professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Investors depend on BWI to quantify the demand side of the investment industry, including the name by name research sales and trading professionals who influence investor demand. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
Contacts:
Gordon Peck
Managing Director
Brendan Wood International
+1 416 924 8110
gpeck@brendanwood.com
Jordan Novak
Managing Partner
Brendan Wood International
+1 416 924 8110
jnovak@brendanwood.com
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