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Wednesday, March 30, 2011

New Gold (NGD) (IAG) (HMY) (BVN) Among Top Gold Miners Over the Last Year

Even though gold prices have found a level spot recently, over the last 12 months it has performed strongly, and among the top gold miners during that period of time are New Gold, Inc. (AMEX:NGD), IAMGOLD Corp. (NYSE:IAG), Harmony Gold Mining Co. Ltd. (NYSE:HMY) and Compania de Minas Buenaventura SA (NYSE:BVN).

New Gold had a strong 12 months, rising by 159 percent during that time, with a trailing P/E ratio of 25.3x, has a market capitalization of $4.5 billion. Estimates are for the company to generate $0.21 a share in earnings over the next year.

IAMGOLD Corp. also had a solid 12 months, generating a return of 71 percent during the period. They have a trailing P/E ratio of 30.2x. Expectations are they'll earn $0.47 a share in 2012.

Harmony Gold Mining jumped 56 percent over the last year, with quarterly earnings soaring 170.3 percent over the same quarter last year. It has a trailing P/E ratio of 248.9x. Earnings for 2012 are estimated to come to $0.44 a share.

Compania de Minas Buenaventura SA came in equal with Harmony Gold as far as returns go, also rising by 56 percent over the last 12 months. Its quarterly earnings grew 17.2 percent over last year in the same quarter. BVN has a trailing P/E ratio of 17.09x. Next year they are projected to earn $0.96 a share.

Among all the metals companies, one of the top performers was Silver Wheaton (NYSE:SLW), which grew returns at a rate of 187 percent. Quarterly earnings rose 142 percent over the same quarter last year. Its trailing P/E ratio is 53.2x. In 2012 its expected to earn $0.60 a share.

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