Below are some of the most topical 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 Youssef Alshimy.
Glencore PLC
The latest transaction for Teck’s coal assets, yet to be finalized, has been received positively by mining investors. Investors in the BWI Panel say the deal will be positive for Glencore’s growth outlook, and enhance the return of capital to shareholders. Commitment to Own Glencore in 1Q 2024 was flat. The standout positive BWI Investment Quality Metrics for Glencore as rated by investors in the Panel are their Board, Short-Term Growth prospects and Momentum for the coming year. Glencore’s Transparency and Disclosure metric however scores lower than the sector and peer group averages. Investors have cited Glencore’s disclosures as opaque.
Newmont Corporation
Although Commitment to Own Newmont has increased from 4Q 2023 to 1Q 2024, the BWI Investment Quality Metrics have decreased in a few key BWI Investment Quality Metrics, some investors cited their reasons in the report below. For some investors, the current valuation is a fair reflection of the story. While others say the problems at Newmont are not going away and are why they lack confidence in the Strategy and Senior Management Team.
Click for the Shareholder Confidence Intel on Newmont Corp.
Ivanhoe Mines
Ivanhoe continues to showcase their ability to execute and deliver, receiving applause from investors. Mining companies have lately faced increased geopolitical risks, yet Ivanhoe has managed to operate smoothly in the DRC, according to investors. Commitment to Own Ivanhoe continued to move up as well. Certain investors who are not close to the story say they are hesitant with their geopolitical risks, which may limit the potential shareholder base for the stock.
Kinross Gold Corporation
Kinross appears to be turning a corner according to investors in the BWI Panel. Kinross stands out as a name investors have pointed out with improving Strategy, CEO, Long Term Growth prospects, Balance Sheet and Momentum over the past four quarters. Investors have become more optimistic on the Great Bear acquisition and its implications for Kinross and they credit management for doing the deal.
New companies added to the BWI Index: Filo Mining, NGEx Minerals, Aya Gold & Silver, Equinox Gold.
Largest Shareholder Confidence Index Price Appreciation Score Changes (YE 1Q2024 vs. YE 4Q2023):
Anglo American PLC +13%
Ivanhoe Mines +10%
Kinross Gold +7%
Glencore +7%
Wheaton Precious Metals Corp +5%
SSR Mining Inc -8%
Triple Flag Precious Metals Corp -6%
Rio Tinto PLC -7%
Southern Copper Corp. -5%
Labrador Iron Ore Royalty Corporation -5%
Brendan Wood International (BWI) serves a dual clientele of world leading investors and their corporate investment targets as well as broker dealers who provide research, sales and trading services to the investment community. 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. Investors depend on BWI to quantify the demand side of the investment industry across 1400 names worldwide, including the name by name research sales and trading professionals who influence investor demand.
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. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000+ live consultations with professionals overseeing +/- $55 trillion invested in the +/- 1400 big cap companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. 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
Youssef Alshimy
Field Director
Brendan Wood International
+1 416 924 8110
yahmed@brendanwood.com
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