Haywood Analysts: Compelling Opportunities Left in Junior Golds

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The Haywood analysts, Andrew Kaip and Kerry Smith, note that there are now plenty of compelling valuations among the junior golds. In fact, the companies they cover are pricing in gold at just $480 an ounce, 47% lower than the current spot price.

It has been an awful 12 months for the junior gold sector. Despite an 18% rise in the gold price, the equities are down 52%, according to Haywood Securities analysts Andrew Kaip and Kerry Smith. As investors worried about the health of financial markets, they moved their money out of the high-risk sector and the results were devastating.

The Haywood analysts note that there are now plenty of compelling valuations among the junior golds. In fact, the companies they cover are pricing in gold at just $480 an ounce, 47% lower than the current spot price.

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