Fundamentals for gold mining stocks -- and the metal itself -- are positive on weak financial markets, a deficit in supply relative to demand, and industry consolidation. The current environment of low inflation is already "old news" to investors.
S&P has 4-STAR (accumulate) rankings on Barrick Gold (ABX
) and Newmont Mining (NEM
). Homestake Mining (HM
) and Placer Dome (PDG
) are ranked 3 STARS (hold). Larkin is an equity analyst covering gold mining stocks for Standard & Poor's