These 7 miners should surge if gold keeps going up

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A man mines for gold at Pidie district, Indonesia’s Aceh province November 3, 2009. The villagers can collect up to 1.5 to 2 grams of gold and earn up to 275,000 rupiah ($28) a day.
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REUTERS/Tarmizy Harva

After the UK voted to leave the European Union last week, gold started soaring as investors looked for a safe place to park their cash. And because political and economic uncertainty is likely to persist, the price of gold might be high for quite a while.

In light of this, HSBC has compiled a list of US mining stocks whose returns are most strongly correlated with changes in the price of gold. In other words, these are the stocks that are most sensitive to fluctuations in the price. So if gold does well, these stocks will do really well.


Pan American Silver Corp.

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orbmiser via Flickr

Ticker: PAA

Price: $14.82

Market Cap: $2.246 billion

YTD return: +134.07%


Newmont Mining Corporation

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Newmont Mining Corp

Ticker: NEM

Price: $37.69

Market Cap: $19.996 billion

YTD return: +109.62%


Royal Gold, Inc.

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A worker places gold jewelry into a melting furnace at the Austrian Gold and Silver Separating Plant “Oegussa” in Vienna, October 23, 2012.
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REUTERS/Heinz-Peter Bader

Ticker: RGLD

Price: $69.15

Market Cap: $4.513 billion

YTD return: +88.89%


Agnico-Eagle Mines Limited

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REUTERS/Chris Wattie

Ticker: AEM

Price: $52.54

Market Cap: $11.631 billion

YTD return: +90.16%


Kinross Gold Corporation

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Kinross Gold Corp.

Ticker: KGC

Price: $5.15

Market Cap: $6.400 billion

YTD return: +162.15%


Eldorado Gold Corporation

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REUTERS/Rick Wilking

Ticker: ELD

Price: $4.47

Market Cap: $3.194 billion

YTD return: +44.39%


Freeport-McMoRan, Inc.

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REUTERS/Antara Photo Agency

Ticker: FCX

Price: $10.13

Market Cap: $12.684 billion

YTD return: +62.33%


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